- ASX200 is trading 0.71% lower at 7046.8 at 1:30pm AEST.
- Carsales.com enters trading halt to capital raise for US-based acquisition.
- Qantas shares under pressure after pushing back international travel date.
The tech sector is surging today as one of just two sectors trading in the green for the session so far. Nearmap is leading the tech charge, up 6.82% while Xero, Nuix and Afterpay are each rallying more than 3% higher.
The Australian market is continuing its downward trend today trading 0.71% lower at 7046.8 at 1:30pm AEST as the Utilities and Energy sectors weigh on the key index.
Bitcoin is climbing this afternoon, trading 4.35% higher at US$57,166.69 at 1:15pm AEST.
Carsales.com entered a trading halt this morning to undertake equity raising to acquire a 49% stake in US-based Trader Interactive. Carsales.com will pay around US$624m in a bid to scale international operations and expand industry diversification to attractive verticals in the US.
Making headlines, Qantas shares are taking a hit today after the flying kangaroo pushed back its return to international travel services. The airline this morning announced it?s delaying international service plans from October 2021 to December 2021 in response to the Federal Budget, including the governments? revised vaccine rollout timeline move to the end of 2021.
And an app developer has created an Android App called ?LockUp? that deletes all your phone?s data when Police try to crack it.