- The ASX200 is trading 0.25% higher at 7424.80 on Monday.
- Nuix rallied on Topos acquisition to strengthen product offering.
- Qantas shares dip on ACCC rejecting Qantas-Japan Airlines deal.
The Australian market has kicked off the week in positive territory, trading 0.25% higher at 7424.80 as the resources, metals and mining sectors lead gains on the ASX.
The tech sector is weighing on the market today, trading in negative territory as Appen tumbles more than 3%, Afterpay is down more than 2.5% and Megaport trades just under 2% lower.
Bitcoin is trading slightly lower this afternoon, down 0.28% at US$45,044.92 at 12:30pm AEST.
Enterprise-focused software company Nuix is rallying today after entering into an agreement to acquire natural language processing company Topos for an initial US$5m with the potential for a further US$20m in cash and performance rights, payable over 30 months. Nuix management said the acquisition will enhance Nuix?s product offering by helping ?customers get to relevant data even faster?.
Making headlines, the ACCC has denied authorisation for Qantas and Japan Airlines to partner through coordinating flights between Australia and Japan. The ACCC deemed the partnership high risk to reduce competition and would detriment passengers through the prices of flights, while Virgin Australia said allowing the Qantas-Japan Airlines deal to go ahead would make it very hard for other airlines to enter and service the Japan - Australia route.
And McDonald?s is entering the vegan market in the UK by launching its McPlant burger, which is 100% vegan. The plant-based patty has been co-developed with food tech company, Beyond Meat.