General
Australian share market opens high as bitcoin smashes through new record
Australian shares have opened on a high as bitcoin breaks a new record and Nine Entertainment forecasts improved growth.
Key points:
- The Australian dollar has risen again after yesterday’s 2.5-month high to 75.7 US cents.
- Bitcoin has hit an all-time peak of $27,477 and has gained more than 170 per cent this year
- Zip Co rose 5.8 per cent to a two-week high after raising $120 million from institutional investors
The ASX200 was up 0.6 per cent at the open to 6,721 points and the All Ords rose to 6,965 points (+0.7pc).
Iron ore prices have continued to soar (+0.9pc) to $US156.45 a tonne, leading to miners performing well on Thursday morning.
Many of the best performers this morning were auto parts business Bapcor (+8.9pc), Perenti Global…
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