Australian stocks closed marginally lower.
- ASX 200: 5,738.70 -5.56 -0.10%
- All Ordinaries: 5,798.40 -5.59 -0.10%
- AUD/USD: 0.8002 +0.0016 +0.20%
The local market went into the red, dragged down by the big miners.
BHP dropped 1.8% to $26.89 and Rio Tinto 1.65% to $68.38.
The major banks kept above water, with the NAB 0.75% higher at $30.94.
Aquabotix shares were up 14.5% to $0.11 after the underwater drone maker said it may experience increased demand because of hurricanes in the US
2. Startups are the big winners from changes to crowdfunding laws. They will be able to raise up to $5 million from crowdfunding in any one year under changes introduced in federal parliament today.
3. Myer profits down again. The company today posted a 1.4% drop in sales to $3.2 billion, down 0.2% on a comparable store basis, for the full year. Also read: The long, slow decline of Myer, in one agonising chart. Myer shares were up 1.4% o $0.73.
4. Vocus shareholders look at class action. The telco has been hit by a proposed action after earlier this year scaling back its profit guidance.
5. CHARTS: How the salary of CPA Australia’s chief executive grew faster than membership.
6. Telstra is connecting wearables to its mobile network. The launch of Telstra One Number, which potentially turns wearables into a de facto smartphone using an eSIM.
7. Top chefs, including Neil Perry: the 457 visa axing will cripple a key part of Australia’s tourism industry.
8. It’s R U OK? Day. here’s why you should ask someone if they are OK.