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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%
Company News
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 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.
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.
