By Oliver Gray
Investing.com - The S&P/ASX 200 added 78.10 points or 1.06% to 7,435.00 during Friday’s deals, continuing to rebound for the second consecutive session but finishing the week 0.5% lower to post the second week of losses.
Among stocks, Technology lifted 2.3% as Block Inc (ASX:SQ2) added 0.6%, Appen Ltd (ASX:APX) gained 4.9%, Link Administration Holdings Ltd (ASX:LNK) lifted 1.2%, Novonix Ltd (ASX:NVX) added 2.2% and Brainchip Holdings Ltd (ASX:BRN) rallied 6.5%.
Telecommunications gained 1.9% overall, with Rea Group Ltd (ASX:REA) up 2.9%, Seek Ltd (ASX:SEK) gaining 4.2% and Telstra Corporation Ltd. (ASX:TLS) up 1.8%.
Financials finished 1.2% higher overall, with Macquarie Group Ltd (ASX:MQG) up 1.8%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) adding 0.8%, National Australia Bank Ltd (ASX:NAB) up 1.4% and Westpac Banking Corp (ASX:WBC) lifting 1.2%.
Meantime, Origin Energy Ltd (ASX:ORG) gained 1.9% after reporting that it more than doubled revenue from liquefied-gas exports in the past three months, while Resmed Inc (ASX:RMD) dropped 4.1% after the group reported lower profit margins due to higher freight and manufacturing costs.
On the bond markets, Australia 10-Year rates were at 3.126% while United States 10-Year yields were at 2.842%.
In New Zealand, the NZX 50 added 0.1% to 11,884.