- ASX200 is trading 0.8% lower at 7025.6 at 1:30pm AEST.
- Sezzle surges on strong Q1 results and plans to list in the US.
- Asahi acquired Allpress to expand its non-alcoholic market presence.
The tech sector is trading lower today as Link Administration, Afterpay and Appen shed around 2% each, while Nuix trades 2% higher after yesterday?s record low.
The Australian market is trading 0.8% lower at 7025.6 at 1:30pm AEST, as the key index fails to hold onto a 14-month high for the last day of the month. The gold miners and energy stocks are weighing down the markets today.
Bitcoin has fallen 1.57% in the last 24-hours to trade at US$53,695.48 at 1:30pm AEST.
US BNPL player Sezzle is surging today, up more than 8% in morning trade after releasing strong first quarter results and sharing plans to list in the US. Sezzle?s income for the first quarter surged 216% from the previous corresponding quarter to US$29.2m, while underlying merchant sales (UMS) grew 241% to US$375.1m for the quarter.
Making headlines, Japanese beverages giant Asahi has expanded into the coffee industry after announcing its acquisition of Australasian brand Allpress. Asahi purchased Allpress for an undisclosed amount to bridge the company?s portfolio gap of non-alcoholic beverages including Schweppes soft drinks brands.
And Facebook is reportedly set to spend US$5m paying local journalists on its new publishing platform in a bid to help local independent writers, experts and journalists have a voice and reach new audiences on Facebook.