ASX climbs 0.53% as tech surges on Nvidia strength
The ASX 200 rose 0.53% led by a 2.64% tech surge after Nvidia jumped around 8% overnight on a forecast for roughly 70% revenue growth.
Why it mattersTech-driven market rallies can shift investor confidence quickly, while an expected RBA rate hike would increase mortgage and business borrowing costs.
AustraliaAustralian mortgage holders face a potential November rate hike that would push up monthly repayments, while retirement savings balances shift with tech stock movements.
✓ Claims checked against the source. checked 2 h ago
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