ASX 200 up 0.9%, Afterpay drops, CBA rises on Wednesday 3 February 2021

The S&P/ASX 200 Index (ASX: XJO) went up by 0.9% to 6,825 points today.

Here are some of the highlights from the ASX:

The Afterpay share price fell by over 1% today after the buy now, pay later (BNPL) business gave a market announcement relating to its UK business called Clearpay.

Clearpay said that it welcomed the UK’s Woolard review proposal to bring BNPL under FCA oversight with proportionate regulation.

The UK BNPL business said that it has always supported fit for purpose regulation that recognises the diversity of the industry and desire from consumers for flexible payment options that don’t trap them in long-term debt.

Damian Kassabigi EVP of public policy at Clearpay said: “We welcome today’s recommendations and…