The Australian market is following Wall Street?s surge from overnight to trade more than 1% higher today driven by a surge in energy and communications services stocks. Buy now, pay later providers including Afterpay, Sezzle and Zip Co are rallying today amid a broad surge in tech stocks, however may reconsider their support for BNPL providers after Australian Treasurer Josh Frydenberg announced the broadening of the Payment Services Act of 1998. A spotlight on Oil Search as shares in the Papua New Guinea based mining and exploration giant are on the rise today following a shareholder vote returned a result of 95% in favour of the deal to merge with Santos. TikTok is joining the ?Social Shopping? trend by producing its first live shopping and entertainment event in the UK where users can buy products directly from the platform.
VIDEO: Oil Search shares rally after shareholder vote returned a result of 95% in favour of Santos merger.
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