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What a day for Zoom2u after announcing a contract with Telstra!

ASX closed new 20-day low; Zoom2u skyrocketed on Telstra deal; Cettire soared on retail sales

The ASX200 closed 2.1% lower at 7248.20 to start the week.

Etherstack soared more than 7% following AT&T order.

Zoom2u Technologies skyrocketed almost 20% on Telstra deal.

The Australian market closed sharply lower today, down 2.10% at 7248.20 to start the week as metals and mining stocks tumbled in the wake of the price of iron ore tumbling following expectations that China is set to buy less iron ore for the time being due to new restrictions on steel production in the region.

The tech sector fell more than 2.5% today, weighed down by heavy losses for Codan, Xero, IRESS and EML Payments.

Bitcoin is trading 4.81% lower over the last 24-hours at US$45,658.90 at 4:20pm AEST.

Etherstack shares soared more than 7% during today’s session after the wireless communications tech company advised it has been awarded an initial order with US-based telecommunications giant, AT&T. The order is for Etherstack’s software licences and equipment in addition to integrations and professional services, with an expected US$420,000 to be generated by the first order.

Making headlines, parcel delivery platform Zoom2u Technologies skyrocketed just under 20% today after announcing a contract agreement with Telstra Corporation. Under the deal, Telstra has nominated Zoom2u’s platform as the delivery partner to deliver its products from stores to customers.

And SpaceX’s Inspiration4 crew have returned safely to Earth after carrying out the company’s first fully private mission orbit last week.

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