MARKET WRAP:

• ASX200: down 0.45%, 8348
• GOLD: $3,334 US/ounce

BITCOIN: $171,650 AUD

• BNPL pioneer Zip fell 6.5% to $1.87 after rival Klarna warned it was seeing more customers struggling to repay their loans.
• Wesfarmers expects losses in its lithium business, with shares down 1.2% to $83.90.
• Brent Crude fell back below $65 US a barrel, wiping 1.3% from Woodside and 0.9% from Santos.
• Rio Tinto CEO Jakob Stausholm will step down later in the year. 
• Fortescue also announced aftermarket that its energy head Mark Hutchinson would exit the company after almost three years.
• SKS Technologies, soaring 21% after securing a $100 million contract for a data centre project.
• Northern Star Resources up 5.4% and Newmont 2.3% higher.
• Insurer IAG was up by 2.7% after the ACCC cleared the way for it to buy RACQ.