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ASX improving, banks and miners a drag; Afterpay tops $98

Summary

  • The ASX fell as much as 0.3% on Wednesday after Wall Street stocks dropped overnight. The index improved to flat by late morning, though the major banks and miners were still lower 
  • Biotech CSL has raised the lower end of its full-year profit guidance. It now expects growth of between 3 per cent and 8 per cent to be between $2.17b and $2.27b
  • AUSTRAC will not be taking regulatory action against Afterpay, which has also been upgraded by RBC. The buy now, pay later firm hit a new record $98.68 in morning trade
  • The Bank of Queensland's cash earnings for the year dropped 30% to $225m. The bank cut its full-year dividend by 82 per cent to 12 cents 

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