By Oliver Gray
Investing.com - The S&P/ASX 200 109.6 points or 1.7% to 6,759.2 during Wednesday’s trade following losses of reversing losses of 0.6% in the previous session amid a broad-based rally.
S&P/ASX 200 Information Technology led the gains, adding 3.8% with Block Inc (ASX:SQ2) adding 4.4%, Appen Ltd (ASX:APX) 6.5%, Megaport Ltd (ASX:MP1) surging 23%, Brainchip Holdings Ltd (ASX:BRN) 14.1% and Xero Ltd (ASX:XRO) lifting 5.9%.
Materials gained 2.5% with Rio Tinto Ltd (ASX:RIO) up 2.2%, BHP Billiton Ltd (ASX:BHP) adding 1.4%, Fortescue Metals Group Ltd (ASX:FMG) adding 5.2% and Champion Iron Ltd (ASX:CIA) up 4.8%.
Financials were up 1.4% with Macquarie Group Ltd (ASX:MQG) lifting 3.9%, Commonwealth Bank Of Australia (ASX:CBA) adding 1.1%, Westpac Banking Corp (ASX:WBC) gaining 1.1%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) down 1.3%, Westpac Banking Corp (ASX:WBC) lifting 1.1%.
On the bond markets, Australia 10-Year rates were at 3.576% while United States 10-Year yields were at 3.019%.
In New Zealand, the NZX 50 added 0.3% to 11,199.