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ASX 200 jumps 1.6%: Afterpay tumbles, IOOF crashes, CBA pushes higher – Motley Fool Australia

Afterpay Ltd (ASX:APT) and IOOF Holdings Limited (ASX:IFL) shares are making moves on the ASX 200 on Wednesday. Here’s why…

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At lunch on Wednesday the S&P/ASX 200 Index (ASX: XJO) is back on form and is charging higher. The benchmark index is currently up 1.6% to 6,050.2 points.
Here’s what is happening on the market today:
Buy now pay later shares sink.
Afterpay Ltd(ASX: APT) and its buy now pay later rivals have continued to sink lower on Wednesday. Investors have been selling their shares following an announcement by PayPal yesterday. That announcement revealed that the payments giant will be launching Pay i…

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