By Oliver Gray
Investing.com - The S&P/ASX 200 added 85.1 points or 1.2% to 7,026.4 after the first hour of Friday’s trade, partially retracing declines of 1.9% in the previous session and lifting from 4-month lows as investors bought the dip among the Information Technology and Real Estate sectors.
Among stocks, Block Inc (ASX:SQ2) rebounded 11.6%, Appen Ltd (ASX:APX) added 3%, Megaport Ltd (ASX:MP1) gained 6.1%, Link Administration Holdings Ltd (ASX:LNK) lifted 9.6%, Novonix Ltd (ASX:NVX) added 2.2% and Brainchip Holdings Ltd (ASX:BRN) gained 8.1%.
Real estate companies were up 2.5% collectively, with Mirvac Group (ASX:MGR) adding 1.4%, Charter Hall Group (ASX:CHC) up 2%, Goodman Group (ASX:GMG) adding 2.6%, Stockland Corporation Ltd (ASX:SGP) up 2.8% and Scentre Group Ltd (ASX:SCG) lifting 2%.
Health Care gained 1.9%, with CSL Ltd (ASX:CSL) up 1.9%, Sonic Healthcare Ltd (ASX:SHL) lifting 1%, Fisher & Paykel Healthcare Ltd (ASX:FPH) up 1.3% and Resmed Inc (ASX:RMD) gaining 2.1%.
Materials lifted 0.8% overall, with Rio Tinto Ltd (ASX:RIO) up 2%, BHP Billiton Ltd (ASX:BHP) adding 1.3%, Fortescue Metals Group Ltd (ASX:FMG) gaining 1.2%, Magnis Resources Ltd (ASX:MNS) up 3.9%, Piedmont Lithium Ltd (ASX:PLL) lifting 3.8% and Liontown Resources Ltd (ASX:LTR) up 3.5%.
On the bond markets, Australia 10-Year yields were at 3.356% while United States 10-Year rates were at 2.873%.
In New Zealand, the NZX 50 lost 0.6% to 11,115.