By Oliver Gray
Investing.com - The S&P/ASX 200 added 114.8 points or 1.7% to 6,779.2, reversing losses of 1.4% in the previous session as market participants monitored fresh production updates from major mining companies, while risk sensitive sectors of the market outperformed.
Among stocks, Information Technology surged 4.2% with Block Inc (ASX:SQ2) up 10.7%, Appen Ltd (ASX:APX) adding 7.7%, Megaport Ltd (ASX:MP1) up 8%, Link Administration Holdings Ltd (ASX:LNK) gaining 2.5%, rallying 19% and Xero Ltd (ASX:XRO) popping 5.9%.
Real Estate lifted 3.1% overall as Mirvac Group (ASX:MGR) gained 3.7%, Charter Hall Group (ASX:CHC) lifted 4.3%, Goodman Group (ASX:GMG) gained 3.7% and Stockland Corporation Ltd (ASX:SGP) added 3.1%.
Materials ended 1.7% higher as BHP Group Ltd (ASX:BHP) lifted 1.4%, Fortescue Metals Group Ltd (ASX:FMG) gained 1% and Champion Iron Ltd (ASX:CIA) added 4%. Rio Tinto Ltd (ASX:RIO) also finished 0.1% higher after delivering a soft quarterly production update.
Meantime, St Barbara Ltd (ASX:SBM) shed 21.6% after the company delivered a disappointing update.
On the bond markets, Australia 10-Year yields were at 3.927%, while United States 10-Year rates were at 3.98%.
In New Zealand, the NZX 50 lifted 0.6% to 10,847.3.