The information technology sector jumped 1.69% at midday Wednesday. This followed gains on Wall Street overnight in response to the inauguration of US President Donald Trump.
Archer Materials (ASX:AXE) said it was granted a US patent for its biochip project, representing the design and work done on the graphene complexes and their compositions that can be used in the biochip. Its shares soared past 9% in recent trading.
On the flip side, the materials sector struggled, falling 0.83%. This came after US President Donald Trump said officials were considering a 10% tariff on China. Australian iron ore exporters are reliant on Chinese sales.
Amcor (ASX:AMC) along with Berry Global Group has recommended that shareholders approve the issue of shares for Amcor to acquire the rival plastics packaging company via an all-stock deal, at an extraordinary general meeting to be held on Feb. 25.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.