- ASX200 is trading 0.36% higher at 7086.8 at 1:45pm AEST.
- QuickFee skyrockets 28% on peak lending in March and April for FY21.
- News Corp surges 4% on Q3 results including $96 million profit.
The tech sector?s losing run continues today as tech stocks lead the sessions? losses with EML Payments down 3.67%, Nuix trading 3.51% lower and Afterpay shedding 3.45%.
The Australian market is trading 0.36% higher at 7086.8 at 1:45pm AEST as strong gains among the gold miners boost the key index.
Bitcoin is trading 1.05% lower at US$56,278.56 at 1:45pm AEST.
Australian-based fintech company QuickFee is skyrocketing 28% today after sharing an explosive trading update. QuickFee advised that lending activity in Australia continues to surge post JobKeeper ending, with lending in both March and April at the highest levels for the FY21 period.
Making headlines, News Corp is surging 4% higher today after the media giant released strong third quarter results including revenue growth of 3%, EBITDA growth of 23% and a third quarter profit of $96m, compared to a $1bn loss for the same period a year earlier.
And Twitter is suspending any account posting Trump related content as users continue trying to evade the broad Trump ban on the social media platform.