Skip to content
Market news phone

ASX closed lower; rallies on crypto entrance; CSL enters deal to acquire Vifor Pharma.

  • The ASX200 closed 0.01% lower on Tuesday at 7378.40 points.
  • rallied on sale of internet domain name to Canadian crypto platform.
  • CSL enters into a deal to acquire Swiss-based Vifor Pharma for US$12.3bn.

The Australian market recovered some of the morning losses in afternoon trade however still closed Tuesday’s session 0.01% lower or 0.9 points lower at 7378.40 as a 17% dive for Mesoblast and a 7.7% tumble for Woolworths weighed heavily on the market.

The tech sector losses extended into afternoon trade to close the session just shy of 0.5% lower as Afterpay shedding 4.08% and EML Payments losing 2.61% offset Nearmap’s 4.76% rally.

Bitcoin is trading 5.22% lower over the last 24-hours at US$46,533.74 at 5:30pm AEDT.

Online retailer,, rallied today after announcing its entrance into the crypto market through selling the internet domain name, for US$1.5m to First Ledge, the parent company of Canadian cryptocurrency trading platform Bitbuy. also signed a deal to provide advertising and marketing support to the Bitbuy group when it expands into Australia.

Making headlines, Australian-based biotech giant CSL is in expansion mode after announcing it has entered into a definitive agreement to launch an all-cash public offer to acquire 100% of Swiss-based specialty pharmaceutical company, Vifor Pharma, shares for US$179.25/Vifor Pharma share. The US$12.3bn all-cash acquisition is to be funded through a combination of US$4.5bn fully underwritten placement, and US$6bn new debt and existing cash/undrawn facilities.

And Squid Game continues to make headlines as the hit Netflix series ranks number 1 for most-watched TV shows in 2021 with 142 million household views since it was released in September.

See more stories like this

    Your Cart
    Your cart is emptyReturn to Shop
      Apply Coupon