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ASX to fall as Australia completes hydrogen world first

·2-min read
The ASX board showing company price changes and the Japanese ship carrying the worlds first shipment of liquid hydrogen.
The ASX is expected to open lower this morning as Australia sends the worlds first shipment of liquid hydrogen. (Source: Getty/AAP)

Good morning.

ASX: The local market is expected to open lower this morning after Wall Street managed to regain some previous losses.

This comes after US payments giant Block (formerly Square) made an unconvincing ASX debut while the traditional heavyweights - the miners - held the market higher yesterday.

Wall Street: US stocks bounced back on Thursday from a turbulent previous session as investors weighed a series of upbeat earnings and a fresh read on weekly jobless claims out of Washington.

BTC: Bitcoin was higher overnight, following the footsteps of the US indices and regaining some of the previous day's losses.

This comes as Russia's central bank proposes banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing and its monetary policy sovereignty.

New beginnings: Australia is exporting the world's first load of liquefied hydrogen to Japan as part of a new energy supply chain pilot program.

The Government estimates it will reduce emissions by 1.8 million tonnes a year - or the equivalent of taking 350,000 petrol cars off the road.

Rio Tinto: Serbia has revoked Rio Tinto's lithium exploration licences, bowing to protesters who opposed the development of the project by the Aussie mining giant on environmental grounds.

Serbian Prime Minister Ana Brnabic said the government's decision came after requests by various green groups to halt the $3.3 billion lithium project.

‘Climate club’: Australia could get the economic cold shoulder from some of the world's richest nations unless it does more to curb its emissions, observers have said.

Takeover: Uber has announced it will take over Australian car-sharing platform Car Next Door, in a move it hopes will cement the service as a viable alternative to owning a car.

Car Next Door allows owners in all major Australian cities to rent their car out to users - easily turning any vehicle into a shared one.

Doomsday unchanged: The Doomsday Clock has remained at 100 seconds to midnight for a third year in a row as scientists said the world was "no safer" than it was this time last year.

Maintaining last year's setting means the clock's keepers believe the threat of global apocalypse has not cooled off in the past 12 months.

- With AAP

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