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ASX rebounds 1.3% after Wall Street halts rout; tech stocks lead

Summary

  • The ASX 200 bounced back from a 10-week low at Thursday's open with a 1.3% rise 
  • Wall Street's tech giants rose overnight, halting a three-session sell-off that slashed 10% off the NASDAQ
  • Tesla and Apple rose 11% and 4%, respectively, having copped a beating after accumulating massive gains in recent months. Amazon and Microsoft jumped 3.8% and 4.2%
  • Myer has swung to a $172m full-year loss after the retailer was forced to write down the value of its brand name amid the COVID-19 crisis

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