ASX rises 0.7pc; Telix leaps 10pc; tech stocks rally
Key Posts
Retail spending stronger than expected in February
Inflation expectations soar to decade high
Blackstone receives FIRB approval for Crown acquisition
Uniti gets revised bid from Morrison, Brookfield
Telstra finalises legal structure for T22 strategy
Rio Tinto completes acquisition of Rincon lithium project
ASX climbs 0.7pc as tech stocks rally
The S&P/ASX 200 advanced 0.7 per cent, or 51.9 points, to 7464.3 on Tuesday, led by strong gains posted by the technology sector.
Square jumped 6.8 per cent to $183.15, Appen rose 6.7 per cent to $7.18, Tyro Payments climbed 5.7 per cent to $1.76, and Life360 added 5.1 per cent to $5.40.
Telix Pharmaceuticals surged 9.9 per cent to $4.56 after being granted organ drug designation by the US FDA for its TLX66 product. The company also signed an agreement with Xiel for the distribution of its prostate cancer investigational imaging product, Illuccix in the United Kingdom.
Crown Resorts firmed 0.9 per cent to $12.71 on news that Blackstone has received FIRB approval for its acquisition of Crown.
Uniti Group declined 1.7 per cent to $4.64 despite receiving a sweetened takeover bid from a consortium comprising HRL Morrison & Co and Brookfield Infrastructure.
The session’s biggest laggard was Whitehaven Coal, which fell 4.3 per cent to $4.25.
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