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ASX 200 inches up; tech stocks drop; GDP data meets estimates; bitcoin falls from record

Tigerlily collapses for second time. Annual GDP growth slowest since 2000, excluding pandemic. Qantas fined $250,000 for discrimination. Iress down after dismissing takeover talk.

Economic data on investor radars amid other corporate updates. Picture: Dylan Coker
Economic data on investor radars amid other corporate updates. Picture: Dylan Coker

Welcome to the Trading Day blog for Wednesday, Match 6. The ASX 200 index erased its losses to end marginally higher, up 0.1 per cent to 7733.50 points. Tech stocks led the falls but heavyweight miners trimmed their decline as iron ore prices rose, and a rise in bank stocks supported the bourse.

The Aussie dollar is trading higher near US65.18c.

Originally published as ASX 200 inches up; tech stocks drop; GDP data meets estimates; bitcoin falls from record

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Original URL: https://www.themercury.com.au/business/asx-200-may-waver-amid-gdp-focus-bitcoins-new-record-us-falls-led-by-magnificent-seven/live-coverage/6fbdfb1604056023bbc33647ad4a3e47