ASX 200 surges as Microsoft-led Wall Street rally boosts tech stocks
Australia's ASX 200 surged 1 percent to 9053.5 on Friday, following Wall Street's powerful rally led by Microsoft, which jumped 15.5 percent after beating earnings expectations. HSBC is selling its $36 billion Australian home loan portfolio to Blackstone and winding down local retail banking within 18 months. The Nasdaq rallied 2.8 percent overnight as tech stocks recovered from recent losses.
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Published 31 Jul 2026, 00:04 UTC · Updated 31 Jul 2026, 00:19 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections