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ASX200 rallies; PlaySide Studios signs landmark 2K Games deal; Rex rallies on Brisbane flights addition.

  • The ASX200 is trading 0.4% higher at 7472.60 after lunchtime.
  • PlaySide Studios trading halt ahead of 2K Games agreement news.
  • Rex Airlines rally on the addition of Brisbane flights to domestic route.

The Australian market is trading 0.4% higher today at 7472.60 after lunchtime as a rally for health care stocks drives gains on the key index.

The tech sector is also rallying today, up just under 1% after lunchtime as NEXTDC surges 3.42%, Megaport adds 2.89% and Wisetech Global trades 2.87% higher.

Bitcoin is trading 1.58% higher over the last 24-hours at US$65,773.47 at 1:30pm AEDT as bitcoin miner Iris Energy eyes a Wall St IPO worth US$215m.

PlaySide Studios entered a trading halt today, but its share price will be on watch this week after the Melbourne-based video game developer announced a landmark agreement with 2K Games. Under the deal, PlaySide Studios has signed an early eight-figure work-for-hire development deal with 2K Games.

Making headlines, Rex Airlines shares are taking flight today after the Australian airline today announced it is adding Brisbane to its domestic flight network in a move to better compete with Qantas and Virgin. The company said it expects Qantas and Virgin to scramble to meet Rex’s prices for the newly announced route as domestic competition ramps up.

And a robot named Cecilia is hitting bars in the near future, using AI and voice recognition technology to grab ingredients and mix up the perfect cocktails for customers.

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