- The ASX200 is trading 0.56% higher at 7469.70 after lunchtime.
- REA Group surges 5% to a record high following strong Q1 results.
- News Corp shares jump 9% on Q1 results including $2.5bn revenue.
The Australian market is trading 0.56% higher at 7469.70 after lunchtime on the back of the S&P500 and Nasdaq closing at record highs on Wall St overnight. Gold miners are soaring more than 4% today to lead gains on the ASX in today?s session so far.
The tech sector is trading more than 1% lower today despite Link Administration Holdings soaring 11%, as the sector is weighed down by heavy losses for Afterpay, Appen and Nextdc.
Bitcoin is trading 0.93% lower over the last 24-hours at US$61,881.89 at 1:30pm AEDT.
Online real estate advertising company REA Group is rallying more than 5% today to a record high share price of $180.67/share after releasing strong first quarter results boosted by the currently hot property market. For the period, REA reported 35% YoY revenue growth to $264m, free cash flow up 20% YoY to $49m, national listings up 11%, and audience growth of 65% YoY.
Making headlines, News Corp shares are also surging today following the release of first quarter results including its most profitable quarter since relaunch in 2013. For the period, News Corp reported revenue up 18% YoY to $2.5bn, EPS of $0.33/share well above the $0.06/share a year earlier, Digital Real Estate Services segment revenue grew 47% and the company announced a $1bn stock repurchase program and the termination of the Stockholder Rights Agreement.
And Burger King has launched a limited-time partnership with cryptocurrency trading platform Robinhood for a ?Burger with a side of Crypto? offer allowing Royal Perks members to claim a free cryptocoin every day in the US.