The ASX200 has been up 0.06% at 8,414 points.
The tech sector has been heavily sold off as global markets respond to the rise of Deepseek, China’s AI startup.
Discretionary has been the best performing sector, up 1.2%, followed by Telecommunication, up 1%, and Health Care, up 0.9%.
Real Estate stocks has been smashed, down 2.5%, followed by Utilities and Energy – both down around 1.7%
Dropsuite (ASX:DSE) has been up nearly 30% after the company inked a deal to be acquired by US company NinjaOne. The board has unanimously recommended shareholders vote vote in favour of the deal.
Dropsuite has been $5.70.
Nuix (ASX:NXL) has been down 16.8% after saying it expects a drop in 1H FY25 EBITDA. The company is also heavily exposed to the AI sector and has been hit hard by the news of the much more energy efficient generative AI chatbot, Deepseek. (link away to Jon’s article)
Nuix has been $4.49.
Telix Pharmaceuticals (ASX:TLX) has been up 3.6% after closing the acquisition of RLS (USA). The company says the deal boosts its presence in the United States, with a network of over 30 radiopharmacies dispensing radiopharmaceuticals manufactured by Telix and other companies.
Telix Pharmaceuticals has been $28.92.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.