By Oliver Gray
Investing.com - The S&P/ASX 200 added 1.1% to 7,016.7 after the first 110 minutes of Wednesday’s trade, recouping losses of 1.3% in the previous session as technology and consumer discretionary companies led the rebound.
ASX 200 Futures were pointing 0.3% higher.
Among stocks, Block Inc (ASX:SQ2) added 4.2%, Appen Ltd (ASX:APX) lifted 4.5%, Megaport Ltd (ASX:MP1) added 3.4%, Link Administration Holdings Ltd (ASX:LNK) gained 1.5% and Novonix Ltd (ASX:NVX) lifted 7.6%.
Meantime, JB Hi-Fi Ltd (ASX:JBH) added 1.6%, Domino's Pizza Enterprises Ltd (ASX:DMP) gained 2%, Tabcorp Holdings Ltd (ASX:TAH) lifted 2% and Aristocrat Leisure Ltd (ASX:ALL) added 2%.
Materials also rallied 1.4% collectively as Rio Tinto Ltd (ASX:RIO) gained 1.5%, BHP Group Ltd (ASX:BHP) lifted 1.4%, Fortescue Metals Group Ltd (ASX:FMG) gained 1.2% and Champion Iron Ltd (ASX:CIA) added 3.6%.
On the bond markets, United States 10-Year rates were at 3.756%, while Australia 10-Year yields were at 3.933%.
In New Zealand, the NZX 50 added 1.5% to 11,639.5.