
Australian equities moved higher this week, with the ASX 200 rising 1.3%. A continued global rotation away from tech and into non tech sectors helped support local markets, alongside a rebound in corporate profits. Gains were led by miners, consumer staples, IT and telecommunications, while falling bond yields added further support. Stronger profits, particularly from miners and banks, helped the market outperform global peers despite elevated valuations and ongoing hawkishness from the RBA.
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