ASX 200 Surges 0.82% to 7,403.70 in Early Hours, Rebounding Strongly After Steep Fall
Table of Contents
The S&P/ASX 200 Index surged in early trading on Tuesday, rising 60.40 points (+0.82%) to 7,403.70 by 10:10 am AEST. The strong move follows Monday’s severe decline of over 4%, with bargain hunters stepping in and improved global cues lifting investor sentiment.
April 8 Live Market Snapshot (as of 10:10 am)
- Current Index: 7,403.70
- Change: +60.40 (+0.82%)
- Open: 7,343.30
- Day’s High: 7,409.20
- Day’s Low: 7,343.30
- Previous Close: 7,343.30
- 52-week high: 8,615.20
- 52-week low: 7,343.30
What’s Driving the Rebound?
The ASX 200’s morning bounce comes on the back of:
- Nasdaq Composite’s green close (+0.099%) overnight
- Technical oversold conditions after Monday’s 324-point crash
- Early strength in tech, banking, and mining sectors
- Renewed global risk appetite despite lingering macro uncertainties
Early Sector Performance
- Banks: All Big Four trading higher, led by Westpac and NAB
- Resources: BHP, Fortescue, and Rio Tinto post early gains as iron ore futures stabilize
- Tech Stocks: Xero, Wisetech Global rebound after steep Monday sell-off
- Retail and Energy: Moderate strength as market sentiment turns cautiously bullish
Analyst Commentary
“This morning’s strength is a classic relief rally. The real test will be whether buyers stay in as the session progresses,” said Amelia Grant, Market Strategist at ANZ Securities.
“Global cues are supportive, but sustainability depends on commodities and US futures.”
ASX 200 Starts Strong, Eyes Momentum Into Midday
After a devastating session to start the week, the ASX 200 is seeing a sharp rebound on April 8, led by gains in core sectors and improving global confidence. While the early uptrend is promising, traders remain cautious and will closely monitor intraday momentum, volume, and external data.
Stay tuned for our midday summary and closing bell recap.
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