By Oliver Gray
Investing.com - The S&P/ASX 200 added 45.50 points or 0.61% to 7,509.80 in Wednesday’s deals, lifting for the 7th consecutive session and trading at fresh 12-week highs as market participants tracked a positive session for U.S. equities overnight, while the Australia 3-Year yield jumped to its highest level since November 2014.
ASX 200 Futures were down 0.21%.
Among stocks,info tech was up 3.5% as Block Inc (ASX:SQ2) gained 6.3%, Appen Ltd (ASX:APX) added 1.5%, Megaport Ltd (ASX:MP1) lifted 3.4%, Novonix Ltd (ASX:NVX) jumped 5.2%, Brainchip Holdings Ltd (ASX:BRN) added 3.8%, Xero Ltd (ASX:XRO) gained 4.6% and Technology One Ltd (ASX:TNE) added 1.1%.
Real Estate stocks also gained about 1.5% as Mirvac Group (ASX:MGR) added 1.6%, Charter Hall Group (ASX:CHC) lifted 1.5%, Goodman Group (ASX:GMG) gained 2.5%, Stockland Corporation Ltd (ASX:SGP) added 1.9% and Scentre Group Ltd (ASX:SCG) lifted 1.6%.
Financials companies gained 0.8% collectively as Macquarie Group Ltd (ASX:MQG) lifted 1.3%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) added 0.6%, National Australia Bank Ltd (ASX:NAB) gained 0.8%, Westpac Banking Corp (ASX:WBC) lifted 0.9% and Commonwealth Bank Of Australia (ASX:CBA) added 0.7%. Zip Co Ltd (ASX:Z1P) also gained 1.6%.
Materials was the only sector in the red, down 0.4% as Rio Tinto Ltd (ASX:RIO) eased 0.08%, BHP Billiton Ltd (ASX:BHP) fell 0.4%, Lake Resources NL (ASX:LKE) lost 1.8%, Avz Minerals Ltd (ASX:AVZ) dropped 2.4%, Lynas Rare Earths Ltd (ASX:LYC) dipped 1.5% and Champion Iron Ltd (ASX:CIA) dipped 1.9% while Fortescue Metals Group Ltd (ASX:FMG) shares entered a trading halt.
On the bond markets, Australia 10-Year rates were at 46-month highs of 2.863% while United States 10-Year rates were at 2.389%.
In New Zealand, the NZX 50 gained 0.65% to 11,997.