ASX Midday Sector Update: Information Technology Stocks Advance, Consumer Staples Decline

MT Newswires Live07-08

Information technology stocks rose almost 1% at midday Tuesday amid the anticipation for the Reserve Bank of Australia's monetary policy decision, as the central bank is expected to deliver a 25-basis-point interest rate cut.

DigitalX (ASX:DCC), which rose past 13%, said it secured commitments to raise around AU$20.7 million via a strategic placement to global digital asset investors Animoca Brands, UTXO Management, and ParaFi Capital, among others. It will use the funding to expand its existing Bitcoin treasury position.

On the flip side, the consumer staples sector struggled, shedding more than 1%. All three of Wall Street's major indices closed lower on Monday. US President Donald Trump said his administration would impose 25% tariffs on goods from Japan and South Korea from Aug. 1.

Australian Agricultural Projects (ASX:AAP) reported a total olive oil production of 752,600 liters from its 2025 harvest, compared with a production of 551,500 liters during its 2024 harvest.

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.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2549759577?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-08 11:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2549759577","market":"sh","top_or_hot":-1,"title":"ASX Midday Sector Update: Information Technology Stocks Advance, Consumer Staples Decline","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/III\">Information</a> technology stocks rose almost 1% at midday Tuesday amid the anticipation for the Reserve Bank of Australia's monetary policy decision, as the central bank is expected to deliver a 25-basis-point interest rate cut.</p><p>DigitalX (ASX:DCC), which rose past 13%, said it secured commitments to raise around AU$20.7 million via a strategic placement to global digital asset investors <a href=\"https://laohu8.com/S/AB1.AU\">Animoca Brands</a>, UTXO Management, and ParaFi Capital, among others. It will use the funding to expand its existing Bitcoin treasury position.</p><p>On the flip side, the consumer staples sector struggled, shedding more than 1%. All three of Wall Street's major indices closed lower on Monday. US President Donald Trump said his administration would impose 25% tariffs on goods from Japan and South Korea from Aug. 1.</p><p><a href=\"https://laohu8.com/S/AAYYY\">Australian Agricultural</a> Projects (ASX:AAP) reported a total olive oil production of 752,600 liters from its 2025 harvest, compared with a production of 551,500 liters during its 2024 harvest.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Midday Sector Update: Information Technology Stocks Advance, Consumer Staples Decline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Midday Sector Update: Information Technology Stocks Advance, Consumer Staples Decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-07-08 11:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/III\">Information</a> technology stocks rose almost 1% at midday Tuesday amid the anticipation for the Reserve Bank of Australia's monetary policy decision, as the central bank is expected to deliver a 25-basis-point interest rate cut.</p><p>DigitalX (ASX:DCC), which rose past 13%, said it secured commitments to raise around AU$20.7 million via a strategic placement to global digital asset investors <a href=\"https://laohu8.com/S/AB1.AU\">Animoca Brands</a>, UTXO Management, and ParaFi Capital, among others. It will use the funding to expand its existing Bitcoin treasury position.</p><p>On the flip side, the consumer staples sector struggled, shedding more than 1%. All three of Wall Street's major indices closed lower on Monday. US President Donald Trump said his administration would impose 25% tariffs on goods from Japan and South Korea from Aug. 1.</p><p><a href=\"https://laohu8.com/S/AAYYY\">Australian Agricultural</a> Projects (ASX:AAP) reported a total olive oil production of 752,600 liters from its 2025 harvest, compared with a production of 551,500 liters during its 2024 harvest.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7016","symbol_name":"应用软件","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2549759577","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549759577","pubTimestamp":1751945425,"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. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Information technology stocks rose almost 1% at midday Tuesday amid the anticipation for the Reserve Bank of Australia's monetary policy decision, as the central bank is expected to deliver a 25-basis-point interest rate cut.DigitalX , which rose past 13%, said it secured commitments to raise around AU$20.7 million via a strategic placement to global digital asset investors Animoca Brands, UTXO Management, and ParaFi Capital, among others. It will use the funding to expand its existing Bitcoin treasury position.On the flip side, the consumer staples sector struggled, shedding more than 1%. All three of Wall Street's major indices closed lower on Monday. US President Donald Trump said his administration would impose 25% tariffs on goods from Japan and South Korea from Aug. 1.Australian Agricultural Projects  reported a total olive oil production of 752,600 liters from its 2025 harvest, compared with a production of 551,500 liters during its 2024 harvest.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7016":"应用软件","BK7509":"中概股","DCC.AU":"DIGITAL X LTD","III":"信息服务","BK7503":"科技股","BK7117":"农产品","SPLS":"史泰博","AAP.AU":"AUSTRALIAN AGRICULTURAL PROJ","BK4134":"信息科技咨询与其它服务"},"translate_title":"澳大利亚证券交易所午盘板块更新：信息技术股上涨，必需消费品下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAP.AU":0.9,"DCC.AU":0.9,"III":1,"SPLS":1},"content_text":"Information technology stocks rose almost 1% at midday Tuesday amid the anticipation for the Reserve Bank of Australia's monetary policy decision, as the central bank is expected to deliver a 25-basis-point interest rate cut.DigitalX (ASX:DCC), which rose past 13%, said it secured commitments to raise around AU$20.7 million via a strategic placement to global digital asset investors Animoca Brands, UTXO Management, and ParaFi Capital, among others. It will use the funding to expand its existing Bitcoin treasury position.On the flip side, the consumer staples sector struggled, shedding more than 1%. All three of Wall Street's major indices closed lower on Monday. US President Donald Trump said his administration would impose 25% tariffs on goods from Japan and South Korea from Aug. 1.Australian Agricultural Projects (ASX:AAP) reported a total olive oil production of 752,600 liters from its 2025 harvest, compared with a production of 551,500 liters during its 2024 harvest.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2549759577","isCrawlerRequest":true}