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Australia…One Hour In…ASX Down 15 Points

ASX200 down 15 points (0.2%) to 6620. Afterpay (-1.3%); Swedish BNPL giant Klarna has accused Afterpay of running an “extortion system” with its fees. APT CEO Anthony Eisen returned fire by calling is opposite CEO’s claims “desperate”.

ASX200 down 15 points (0.2%) to 6620.

– Afterpay (-1.3%); Swedish BNPL giant Klarna has accused Afterpay of running an “extortion system” with its fees. APT CEO Anthony Eisen returned fire by calling is opposite CEO’s claims “desperate”.
– Bega Cheese (+9%); back trading after announcing it is buying Lion Dairy and capital raising.
– Helloworld Travel (-2%); AGM today.
– Oil Search (-2.1%); CFO has resigned.
– Qantas (-0.5%); met with the Victorian Premier about a possible move of its HQ to Victoria.
– Sandfire (+1.1%); AGM today.

Increase in valuations this year:

Amazon: +$682 billion
Apple: +$668 billion
Tesla: +$469 billion
Microsoft: +$414 billion
Facebook: +$200 billion
Google: +$273 billion
Zoom: +$108 billion
Netflix: +$72 billion
Twitter: +$12 billion
Source; Twitter

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