Midday Sector Update: Information Technology Stocks Soar, Materials Sector Falls

MT Newswires Live

Jan 22, 2025

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.

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This followed gains on Wall Street overnight in response to the inauguration of US President Donald Trump.</p><p>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.</p><p>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.</p><p>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.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7069","symbol_name":"半导体产品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2505751190","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505751190","pubTimestamp":1737513141,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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