ASX Opens Flat After Tech Shares Drive Wall Street Rebound

The Australian sharemarket made a steady start to the session following a technology-led rebound on Wall Street that broke a five-day losing streak.

Justin Tomlinson

Editor-in-Chief, Mora Discover

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ASX Opens Flat After Tech Shares Drive Wall Street Rebound

The Australian sharemarket has recorded a steady start to its trading session, opening flat following a positive shift in global markets. This stable opening comes after Wall Street successfully snapped a five-day losing streak, bringing some relief to investors.[1][2]

The turnaround in the United States was largely propelled by substantial gains in technology stocks, which drove the rebound on Wall Street. This upward momentum in the tech sector helped reverse the recent multi-day decline before the Australian market opened.[1][2]

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