- The ASX200 is trading 1.87% lower today at 7,265.30 on Monday.
- Dubber climbed to a fresh record high on Notiv acquisition.
- AusNet Services soared 20% on Brookfield Asset Management offer.
The Australian market has kicked off the week trading sharply lower, down 1.87% at 7265.30 after lunchtime, a new 20-day low as the metals and mining sector tumbles more than 5%.
Benchmark iron ore futures slumped on Friday after Beijing considered including more cities in its environmental controls to meet China?s accelerated de-carbonisation efforts.
Tech stocks are trading more than 2.5% lower today with Xero taking the biggest hit so far, trading more than 4.3% lower, while Nuix, Iress and Codan also trade more than 3.5% lower each.
Bitcoin is trading 5.40% lower over the last 24-hours at US$45,371.08 at 2pm AEST.
Cloud-based call recording software company, Dubber soared to another fresh record high share price today after announcing it has acquired technology group, Notiv. Under the deal, Dubber acquired Notiv, a company that develops ?cloud-native AI-based products?, from US company Pinch Labs for $6.6m. Dubber will pay $5.5m in cash, and the remaining $1.15m will be paid via the issue of Dubber shares.
Making headlines, AusNet Services energy company soared 20% in morning trade after announcing that Brookfield Asset Management made a non-binding offer to acquire all of AusNet Services? issued shares at $2.50/share. AusNet announced it will engage further with Brookfield Asset Management on the indicative proposal through due diligence on an exclusive basis to enable a binding offer to be put forward.
And a new Spotify rival audio streaming service startup called Audius is using blockchain technology in a bid to somehow pay artists for their music. The app has generated $5m in funding from big name stars including Jason Derulo and Katy Perry.