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The Market Wrap with Carl Capolingua, Content Editor at Market Index

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QBE will face the music from ASIC, with investors curious about whether or not the heat will come for other insurers as well.

MARKET WRAP:

    • ASX200: up 0.13%, 8,216
    • GOLD: $2,766 US/oz
    • BITCOIN: $100,339 AUD
  • Tech stocks fell again – the worst performing sector over the last week & month.. 
  • Another sell-off for Wisetech Global shares pushed the company back down 1.4% to $106.07.
  • Woolworths finished up 1.6% to $33.05 and Coles was 1.4% higher to $18.16 after their stance against the ACCC.
  • Qantas shares have completed a remarkable turnaround since the end of the Joyce era, closing at a record high today, up another 3.4% to $7.82.
  • And the gold miners had another good day, with Evolution up 1.9% and Perseus up 1.7%.
  • Domain Holdings share price fell by 3.2% after CEO Jason Pellegrino said he would step down
  • QBE was pushed back by 0.4% after ASIC alleged the insurer had misled customers over discounts.

CURRENCY UPDATE:

  • AUD/USD: 66.67 US cents
  • AUD/GBP: 51.4 pence
  • AUD/EUR: 61 Euro cents
  • AUD/JPY: 101 Japanese yen
  • AUD/NZD: 1.10 NZ dollars
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