By Oliver Gray
Investing.com - The S&P/ASX 200 added 113 points or 1.6% to 7,059.2 during Wednesday’s trade, recouping losses of 1.3% in the previous session.
Among stocks, Information Technology led the gains, finishing 2.9% higher as Novonix Ltd (ASX:NVX) added 5%, Block Inc (ASX:SQ2) lifted 4.2%, Appen Ltd (ASX:APX) popped 6.6% and Brainchip Holdings Ltd (ASX:BRN) surged 11.4%.
Major banking companies also enjoyed solid gains as Macquarie Group Ltd (ASX:MQG) lifted 3.2%, Commonwealth Bank Of Australia (ASX:CBA) gained 2.1%, National Australia Bank Ltd (ASX:NAB) added 1% and Westpac Banking Corp (ASX:WBC) added 3.1%.
On the bond markets, Australia 10-Year rates were at 3.912%, while United States 10-Year yields were at 3.728%.
In New Zealand, the NZX 50 added 1% to 11,587.5.