Business
‘Elon effect’ drops Bitcoin; Warner and Discovery to merge; ASX to rise despite US lull – ABC News
The Australian share market rises on open, regional airline Rex is fined by ASIC for talking to the media before shareholders, and Tesla boss Elon Musk is tweeting…
The Australian share market has risen on open, and regional airline Rex has been fined $66,000 by ASIC for disclosing information to the media before shareholders.
Key points:
- Tech stocks dragged down Wall Street on its first day of trade for the week
- Bitcoin is at a three-month low after more tweeting by Tesla boss Elon Musk
- Despite that, the ASX 200 is set to rise today
At 10:15am AEST, the ASX 200 was up 0.7 per cent.
Early performers included energy stocks Bluescope Steel (+2.3pc), Evolution Mining…
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