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Tech stocks lead strong week for ASX

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A surging tech sector drove the Australian sharemarket to a fresh 13-month high this week, as strong economic data and a calming of the bond market supported global equity markets.

The S&P/ASX 200 Index closed the week 68.3 points, or 1 per cent, higher at 7063.5, rising 4.9 points, or 0.1 per cent on Friday, hitting a new post-pandemic high.

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    Original URL: https://www.afr.com/markets/equity-markets/tech-stocks-lead-strong-week-for-asx-20210416-p57jtj