By Oliver Gray
Investing.com - TheS&P/ASX 200 added 92.5 points or 1.4% to 6,742.1 after the first hour of Wednesday’s trade, reversing losses of 0.6% in the previous session amid a broad-based rally as investors tracked a strong session among U.S. indices overnight.
ASX 200 Futures were pointing 0.3% higher.
Among stocks, Information Technology rallied 4.6%, with Megaport Ltd (ASX:MP1) surging 19.9% after the company announced an EBITDA profit over the last quarter. Block Inc (ASX:SQ2) added 7.2%, Appen Ltd (ASX:APX) lifted 5.3%, Novonix Ltd (ASX:NVX) added 4.6% and Brainchip Holdings Ltd (ASX:BRN) gained 7.6%.
Materials gained 1.7% with Rio Tinto Ltd (ASX:RIO) adding 1.8%, BHP Billiton Ltd (ASX:BHP) lifting 0.8%, Fortescue Metals Group Ltd (ASX:FMG) gaining 6.7% and Champion Iron Ltd (ASX:CIA) up 2.5%.
Consumer Discretionary added 1.8% with JB Hi-Fi Ltd (ASX:JBH) up 4.4%, Domino's Pizza Enterprises Ltd (ASX:DMP) lifting 2.8%, Tabcorp Holdings Ltd (ASX:TAH) up 2.2%, Aristocrat Leisure Ltd (ASX:ALL) gaining 2.3% and Wesfarmers Ltd (ASX:WES) increasing 1.1%.
Financials were up 1.4% with Macquarie Group Ltd (ASX:MQG) up 3.2%, Commonwealth Bank Of Australia (ASX:CBA) adding 1.1% and Westpac Banking Corp (ASX:WBC) lifting 1.5%.
Ahead In the session, nab quarterly business confidence is set to be released at 11:30am AEST.
On the bond markets, Australia 10-Year rates were at 3.578% while United States 10-Year yields were at 3.025%.
In New Zealand, the NZX 50 fell added 121 points or 1.1% to 11,283.8.