- ASX200 is trading 0.36% higher at 7090.4 at 1:30pm AEST.
- Novatti skyrocketed 27% following a deal with Afterpay for NZ.
- Full impact of China?s Aussie wine tariff seen with just $12million for Q3.
The tech sector is surging more than 1.50% just after lunch as solid gains for Link Administration, Megaport, Wisetech Global and Afterpay offset a more than 7% loss for Nuix.
The Australian market is trading 0.36% higher at 7090.4 at 1:30pm AEST as the gold miners and tech stocks lead the gains on the key index.
Bitcoin has fallen 1.33% in the last 24-hours to trade at US$54,533.69 at 1:30pm AEST. Meantime, Ethereum continues to hover around record highs above US$2700.
Australian-based payment processing company Novatti is surging nearly 27% today after announcing a deal with BNPL leader Afterpay. The company will deliver its digital payment solution in New Zealand for an initial three year period. Afterpay will leverage Novatti?s licence with Visa in New Zealand and pay Novatti for the setup, monthly recurring and transaction-based fees.
Making headlines, the full impact of China?s punishing tariff imposition on Australian wine exports has been realised. The release of the March quarter data from industry body Wine Australia shows exports of just $12 million, plummeting from $325 million a year earlier.
And Nike?s iconic brand partnerships have created some of the most desired sneakers globally. However, the leading footwear brand?s latest collaboration with PlayStation may create their greatest yet, with the PS5 logos featured on a blue and white styled Nike shoe.