Markets live updates: Australia’s debt hits $1 trillion as US debt passes $US40 trillion threshold

The Aussie share market has begun Thursday morning trading up +0.5% to 9,095 points.

Of the major sectors, Basic Materials is up the top, while Financials is down the bottom.

ASX 200 sector summary (LSEG)

Of the top movers, Zip Co Limited is trading up a massive +16.9%

ASX 200 top movers (LSEG)

Of the bottom movers, infrastructure services company Downer EDI is trading down -10.6%.

ASX 200 bottom movers (LSEG)

The Aussie dollar is trading above 71 US cents.

Political pressure is mounting for drastic migration cuts, with One Nation and the Coalition arguing the government’s current permanent migration intake is too high.

But business leaders warn this could result in critical worker shortages in areas ranging from aged care to construction, and is urging the public debate to shift away from numbers.

You can read the full piece from business reporter Nassim Khadem below:

Shares in the Chinese robot company, Unitree Robotics, jumped more than 600% when it floated yesterday.

Here are the headlines from yesterday with Alan Kohler.

Loading…