Good afternoon,

Australian tech stocks and data centre plays took a major hit after the public launch of China’s competitor to ChatGPT, DeepSeek, rattled the market.

Meanwhile,ANZ has lost its entire Singapore-based credit trading team, tipped to earn the heavyweight bank as much as $70m per year, in a mass poaching by a rival bank.

And Magnis Energy Technologies shareholders risk a wipe-out after its flagship American battery factory filed for bankruptcy, with the group warning it owes more than $US125m to lenders.