Afterpay tracks best day in over 6 months as tech stocks rally

On Wednesday, the shares of buy now, pay later bellwether Afterpay Limited (ASX:APT) gained as much as 10.5% to A$118.48, indicating their best day since August 2020.

Australian tech stocks index S&P/ASX 200 Information Technology rallied to snap a six-day losing run (up 4.347% at AEDT 11:48 AM), following a surge on the Nasdaq Composite overnight as US bond yields eased.

APT is also set to gain after six straight sessions of losses, during which its share price briefly dipped below the A$100 mark.

As of 11:49 AM AEDT, APT was noted up by 8.872% to $116.700.

 

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