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ASX follows Wall Street rally led by tech rebound – ABC News
The Australian share market closes higher after a partial rebound in beaten-down technology stocks sees Wall Street bounce back from previous heavy losses.
The Australian share market has closed off its opening highs but still recouped some of yesterday’s big losses following a big tech rebound that led Wall Street higher.
Key points:
- The Nasdaq led US stock gains with a 2.7 per cent bounce
- FAANG stocks rose, with Apple, Microsoft and Amazon leading blue chip tech gains
- Tesla erased close to half of yesterday’s 21 per cent slump, with an 11 per cent gain
The ASX 200 index closed up 0.5 per cent at 5,909, after W…
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