Live: ASX 200 snaps three-day losing streak, led by tech, banks

The market has snapped its three-day losing streak amid concerns about the SVB fallout to close 0.9 per cent higher, with broad gains across the board. Tech was the biggest riser, followed by health care.

Global banking and inflation developments are driving local investor sentiment. Picture: David Swift.

Welcome to the Trading Day blog for Wednesday, March 15. The ASX 200 closed 0.9 per cent higher, with gains across the board, led by tech. Strong interest has emerged for embattled energy player Sun Cable. Alcoa flags 'operational instability' at Portland. Tassal owner Cooke buys US distributor.

The S&P/ASX 200 index has snapped its three-day losing streak to finish 0.9 per cent higher at 7068.90 with broad gains across the board.

On Wall Street, the S&P 500 closed 1.7 per cent higher, the technology-focused Nasdaq Composite Index lifted 2.1 per cent and the Dow Jones Industrial Average gained 1 per cent.

The US 10-year bond yield rose to 3.63 per cent and the two-year yield was higher at 4.22 per cent.

Oil prices fell with Brent crude, the global benchmark for oil prices, down 4 per cent to $US77.45 per barrel and US Nymex off 4.4 per cent to $US71.50 per barrel.

The Aussie dollar is trading around US66.76c.