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.