- The ASX200 is trading 0.26% lower at 7280.70 after lunchtime.
- PointsBet surges 4% on a new partnership with Curling Canada.
- Bubs Australia soars 30% on Q1 results including 96% revenue growth.
The Australian market continues to trade in negative territory on Wednesday, with the ASX down 0.26% at 7280.70 as the miners drag the market down as the price of iron ore wobbles.
The tech sector has overturned its turbulent start to the week to trade higher today, boosted by strong gains for Appen, Nearmap and Afterpay.
Bitcoin is trading 1.30% lower over the last 24-hours at US$56,279.94 at 1:30pm AEDT.
PointsBet is surging today after the online bookmaker announced a new deal with Curling Canada. Under the deal PointsBet will become the official and exclusive betting partner of Curling Canada in which over 13 million people watch the events of each season.
Making headlines, Bubs Australia is skyrocketing 30% today after releasing Q1 results for FY22. For the three months ended September 30, Bubs Australia reported a 96% YoY increase in gross revenue to $18.5m for the quarter, a 156% YoY increase of sales in China and overall international revenue was up 489% from Q1 FY21.
And Elon Musk teased fans at the Giga Berlin?s County Fair saying Tesla is planning on making a new alcoholic beer called the ?Gigabeer? in a bottle inspired by Tesla?s Cybertruck.