- The ASX200 is trading 0.52% lower at 7495.50 after lunch.
- 4DMedical rallies on moving into phase 2 trials of imaging technology.
- Regional Express extends stand down and flight suspension to October.
The Australian market is trading 0.52% lower today at 7495.50 as consumer discretionary and consumer staples stocks weigh down the key index.
The Australian economy grew 0.7%, stronger-than the expected 0.4%, in the June quarter. On an annualised basis GDP increased 9.6%, topping the expected 9.1% increase.
The tech sector?s green run has come to an end today as strong gains for Nuix and Link Administration are offset by heavy losses for Codan, Appen and Iress.
Bitcoin is trading 0.21% lower over the last 24-hours at US$46,910.95 at 1pm AEST.
4DMedical is rallying today after the healthcare company announced it is moving into phase 2 clinical trials for its imaging technology XV Lung Ventilation Analysis Software, that?s helping COVID-19 patients with respiratory scanning.
Making headlines, the board of Regional Express Airlines today announced it has been ?left with no option but to extend the suspension of its domestic services and reduce regional services up until October 10, 2021?. The extension is a month past the original stand down end date, and is the result of growing COVID-19 infections in NSW and Victoria.
And a hacker has returned US$336,000 to a British collector who was tricked into purchasing a fake Banksy NFT from a page on the famous artists? website that has since been deleted.