ASX jumps 1.37% with tech shares leading the way as US inflation … – Proactive Investors UK
The ASX has made a strong showing today, gaining 1.37% or 95.8 points to 7,102.50 and setting a new 20-day high.
The boost brought the bourse back to even for the year, driven mostly by a rally in tech shares, which drove the S&P/ASX All Technology Index (XTX) up 1.79% on softening US inflation.
As for the tech stocks themselves, WiseTech Global Limited added 6.13%% to its share price, Xero Ltd 2.43% and Life360, Inc. 6.44%.
After a tough few months, most commodities also gained today, with just West Texas Crude (-0.38%) and aluminium (-0.18%) left out in the cold.
Silver gained the most, notching a 5.25% increase, but every metal notched about 1%, with platinum (+2.58%) and palladium (+3.14%) outperforming.
The sectors put in a solid performance bar Energy, which fell 0.77%. Real Estate (+4.53%) and Info Tech (+3.27%) led the charge.
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source: https://news.oneseocompany.com/2023/11/14/asx-jumps-137-with-tech-shares-leading-the-way-as-us-inflation-proactive-investors-uk_2023111452621.html
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