The local bourse has inched higher for a second consecutive session,as solid gains among the big miners offset banking weakness and a profit warning struck Nufarm.
The independent audit blamed an unnamed top tier law firm for"incorrect"advice to the buy now,pay later provider now worth $8 billion.
A Sydney husband and wife duo have founded an online shopping portal that aims to do for online fashion retailing what Google did for internet search.
Shares in volatile tech darling Afterpay wavered in the wake of Wednesday's bullish numbers,as bearish reports continue to weigh on investor sentiment.
Afterpay co-founder Nick Molnar says the buy now,pay later platform will use a $200 million investment from a US technology venture firm to help retailers attract high value customers as it rapidly expands in the US and UK markets.
Retail giant Amazon has finally opened its doors to the buy now,pay later sector,with the unveiling of a strategic alliance with Afterpay rival Zip Co.
The Afterpay juggernaut started in the Molnar family online jewellery business Ice Online which Nick Molnar's mother and brother still run.
The ASX dropped in its final minutes to a flat closing price,with company profit warnings dragging on positive sentiment.
Buy now pay later providers like Afterpay are likely to be regulated in coming years or be swamped by larger players,says high-profile US stock picker Beeneet Kothari.
The corporate watchdog has confirmed it is reviewing Michael Saadat's appointment as head of public policy and regulatory affairs at the regulatory-challenged group.
The ASX was pushed into positive territory on Monday in the final minutes of trading,despite significant falls in Treasury Wines and Wise Tech.