- ASX200 up 1.22% at 6855.70 points mid session.
- Facebook inks deal with Nine Entertainment, News Corp.
- BrainChip nosedives on shock exit of CEO Louis DiNardo.
The tech sector has rebounded from yesterday?s lows to lead the market gains today with Xero and EML Payments soaring more than 4% each.
The Australian market is surging today, up 1.22% at 6855.70 points just after lunchtime as tech and healthcare stocks boost the key index.
Bitcoin is plunging today, down 9.38% to US$54,513.91 at 1pm AEDT after topping US$62,000 over the weekend. The Bitcoin free-fall comes as India mulls new laws to ban cryptocurrencies.
In tech news, Facebook has struck a news content sharing deal with Nine Entertainment and News Corp under Australia?s new news media bargaining code. Facebook has agreed to a three-year deal with News Corp and Nine has reportedly signed a letter of intent with Facebook to pay for sharing news content.
In the headlines, shares in AI chipmaker BrainChip nosedived at market open this morning after the shock exit of CEO Louis DiNardo "without cause, effective immediately" just days after the company was added to the ASX300 index.
And Amazon is expanding its FC Games employee incentive program that features arcade-style games that employees compete in virtually as they complete work tasks. The games include MissionRacer, where a car moves around a track as an employee packs products.