Australian Market Snapshot: ASX 200 Rises 0.2% Amid Global Tech Sell-Off

ASX 200 Australian Tech Stocks Global Tech Sell-Off

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The ASX 200 rose 0.2% to 8,807 points despite a global tech sell-off, with Australian tech stocks surging, led by WiseTech Global's 9.2% rebound after denying human trafficking allegations.
Energy and mining stocks fell sharply due to declines in gold and oil prices.

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The ASX 200 rose 0.2% to 8,807 points despite a global tech sell-off, with Australian tech stocks surging, led by WiseTech Global's 9.2% rebound after denying human trafficking allegations. Energy and mining stocks fell sharply due to declines in gold and oil prices.

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A proposed $80 million creative precinct in Launceston, backed by state and council funding, is under scrutiny as the developer, Chris Billing, faces allegations of running insolvent companies with debts exceeding $16 million. Community members and councillors question the due diligence performed by authorities.

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Business·39m ago

Claiming Your Mobile Phone on Your Australian Tax Return

In Australia, mobile phone costs can be tax deductible if paid for, used for work, and expenses are recorded. Items under $300 allow immediate deduction, while more expensive phones are depreciated over their effective life (typically 3 years). Apportioning costs based on work-related usage is crucial.

ABC Top Stories

Developing·58m ago

Hobart Nightlife Faces Uncertainty After Major Venue Closures

Seven Hobart venues, owned by Pub Banc Group and Hotel Banc Group, have closed after the companies entered voluntary administration. The closures are attributed to challenging trading conditions, rising costs, and changing consumer behavior, prompting calls for improved collaboration between industry and government to support the city's night-time economy.

ABC Top Stories

Developing·1h ago

Trump's Crypto Bonanza: A Risky Gamble for Investors

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ABC Top Stories

Developing·1h ago

Hobart Nightlife Faces Uncertainty After Major Venue Closures

Seven Hobart venues closed suddenly after their owner, Pub Banc Group and Hotel Banc Group, entered voluntary administration. Operators cite challenging trading conditions, rising costs, and changing consumer behavior as key factors, prompting calls for government support to revive the city's night-time economy.

ABC Top Stories

Australian Market Snapshot: ASX 200 Rises 0.2% Amid Global Tech Sell-Off

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