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ASX rises despite mid-week sell-off

The Australian sharemarket was able to overcome a mid-week sell-off, with strong advances from the tech, travel and gold sectors offsetting heavy losses from the major iron ore miners.

The S&P/ASX 200 Index rose 16.1 points, or 0.2 per cent, to 7030.0 this week, even after a 1.9 per cent fall on Wednesday, its biggest sell-off since February 26. On Friday, the benchmark index rose 10.7 points, or 0.2 per cent.

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William McInnes was a markets reporter for The Australian Financial Review. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/asx-rises-despite-mid-week-sell-off-20210521-p57tz5