ASX opens higher as tech stocks lead gains – 7NEWS


The Australian share market has opened higher as tech shares led early gains, mirroring the performance of their US counterparts at the end of last week.

The benchmark S&P/ASX200 index was up 25.0 points, or 0.37 per cent, to 6,818.4 points at 1015 AEST on Monday, while the broader All Ordinaries was up 25.8 points, or 0.38 per cent, to 6,905.1 points.

Tech and consumer discretionary shares were the highest climbers, adding 1.53 per cent and 0.78 per cent respectively.

Energy shares were flat while property trusts – the only ASX sector to start in the red – fell 0.34 per cent.

Mining giant BHP was down 0.59 per cent to $40.61, Rio Tinto was up 0.34 per cent to $98.59, and Fortescue Metals was down 0.24 per cent to $8.27.

On Wall Street on Friday, the Dow Jones Industrial Average finished up 0.19 per cent, the S&P 500 was up 0.74 per cent and the tech-heavy Nasdaq Composite was up 1.11 per cent.

The Aussie dollar is buying 69.10 US cents from 69.42 US cents on Friday.





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