ASX Midday Report: Strong Gains in Materials, Tech Stocks Lag Behind
At midday today, the S&P/ASX 200 showed a clear split. Materials stocks were rising sharply. Tech names, in contrast, were under pressure. We saw miners jump after a boost in commodity prices. Meanwhile, many tech firms struggled as global growth worries and interest-rate concerns weighed on sentiment. We will examine what’s driving the moves and what investors should watch for the rest of the day.
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