By Oliver Gray
Investing.com - The S&P/ASX 200 finished Friday’s session up 7.20 points or 0.10% to 6,997.80, posting declines of 3.1% for the week, with cautious investors monitoring an ongoing invasion of Ukraine by Russian forces while local sentiment was aided by strong corporate earnings.
Among stocks, Block Inc (ASX:SQ2) surged 32.49% after the company reported results overnight, lifting the Technology sector 8% collectively. Zip Co Ltd (ASX:Z1P) added 6.25%, Appen Ltd (ASX:APX) gained 8.67%, Novonix Ltd (ASX:NVX) lifted 5.39%, Brainchip Holdings Ltd (ASX:BRN) added 4.74% and Wisetech Global Ltd (ASX:WTC) gained 5.45%.
Financials finished 1.11% lower overall, with Magellan Financial Group Ltd (ASX:MFG) shedding 10.11% per cent after it revealed net outflows of $3.2 billion between February 11 and 23. Macquarie Group Ltd (ASX:MQG) added 1.48%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) dipped 2.17%, National Australia Bank Ltd (ASX:NAB) lost 1.6%, Westpac Banking Corp (ASX:WBC) fell 1.3% and Commonwealth Bank Of Australia (ASX:CBA) dipped 0.88%
On the bond markets, Australia 10-Year rates were at 2.232%, while United States 10-Year yields were at 1.958%.
In new Zealand, the NZX 50 rebounded 1.62% to 11,923.