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Australia shares end higher to mark best week since late-December

Sector leaders Block, Xero and Wisetech Global rose between 0.9% and 2.5%

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Reuters
Australian shares edged higher on Friday to wrap up their best week in over a month, mainly driven by gains in technology stocks which rebounded after plummeting in the previous session.

The benchmark S&P/ASX 200 clawed back earlier losses to settle 0.6% higher at 7,120.1 points. It gained 1.9% for the week.
Technology stocks clocked gains of 1.1% in their first weekly jump since late-December. The gains came despite Facebook owner Meta losing over $200 billion in value overnight after a dismal forecast.

Sector leaders Block, Xero and Wisetech Global rose between 0.9% and 2.5%.

Mathan Somasundaram, chief executive officer at

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)