ASX 200 rises; SkyCity, IDP issue outlook warnings; Magellan outflows; Rex chair steps down; Nvidia valued more than Apple

Tech sector leads gains as dismal updates from SkyCity, IDP weigh. Chinese businessman Wu Tao's attempt for a board seat at Northern Minerals fails.  Fortescue lobs 'misuse' claims against ex-staff. 

Weak economic growth figures has put rate cuts in focus across major developed economies. Picture: Nikki Short

Welcome to the Trading Day blog for Thursday, June 6. The ASX 200 index closed 0.7 per cent to 7821.80 points on tech gains. Overseas, the Nasdaq hit a record after Nvidia's $US3.01 trillion valuation surpassed Apple's.

The Aussie dollar is trading near US66.62c.