The S&P/ASX 200 opened 1.2 per cent higher on Thursday, following a surge in US stocks after the Federal Reserve sounded an upbeat tone on the economy and raised interest rates for the first time in four years.
Materials companies were the best performers in the opening minutes of trade, up 1.8 per cent, as all but one sector - consumer staples - gaining ground.
A handful of tech shares also leapt at the open with Life 360 up 13.2 per cent, EML Payments jumping 6.8 per cent and Appen edging 4.8 per cent, after all three posted generous gains in the prior session.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments