Wisetech Global has given a slap on the wrist to Richard White over his conduct. Is the founder now invincible?

MARKET WRAP:

• ASX200: down 0.41% to 7,828
• GOLD: $3,047 US/oz
• BITCOIN: $131,457 AUD

• A board review into the conduct of Wisetech Global founder Richard White saw shares fall yet again, down 2.3% to $82.81.
• A hit to the sales of Myer saw first-half profits down more than 18% to $42.4 million. Shares finished 1.3% lower.
• Mineral Resources slipped just under 4% after a road train crash halted its iron ore haulage.
• Coal miner New Hope had another good day off the back of its first half results, gaining another 4.2% to $4.20.
• FDA approval for an Imugene product helped its shares to rocket 14.3%.
• The insurers gained ground with QBE up 4.1%, Suncorp 1.7% higher, and IAG rising 1.5%.

CURRENCY UPDATE:

• AUD/USD: 63.44 US cents
• AUD/GBP: 48.9 pence
• AUD/EUR: 58 Euro cents
• AUD/JPY: 94 Japanese yen
• AUD/NZD: 1.09 NZ dollars