ASX rises as tech sector pulls back
The ASX 200 rose 0.6 per cent in its third consecutive day of gains, following positive movements on Wall Street where the Nasdaq set a new closing record. Technology was the worst performing sector, declining almost three per cent, while real estate rebounded strongly after three sessions of losses. Consumer sentiment slumped following the RBA's recent rate hike, with growing concerns about employment and rising fuel prices. This market update is sponsored by CommSec.
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.