ASX 200 Soars Over 6% at Open on 10 April, Tracks Nasdaq’s Global Tech Rally
Key Highlights:
In a stunning early move, the ASX 200 jumped 458.30 points, or 6.21%, to reach 7,833.30 shortly after the market opened on 10 April 2025. The surge is being attributed to a global tech-driven rally, led by the Nasdaq Composite’s 12.16% gain overnight, as well as strong rebounds in local Australian sectors.
ASX 200 Intraday Snapshot (as of 10:10 AM AEST)
| Metric | Value |
|---|---|
| Opening | 7,375.00 |
| Current Price | 7,833.30 |
| Intraday High | 7,842.90 |
| Intraday Low | 7,375.00 |
| Previous Close | 7,375.00 |
| Gain | +458.30 pts (+6.21%) |
| 52-Week High | 8,615.20 |
| 52-Week Low | 7,169.20 |
Key Drivers of Today’s Rally
- Nasdaq Momentum: Overnight Nasdaq surge of 12% sparks global buying in tech and growth stocks.
- Tech Sector Surge: Australian tech stocks including Xero, WiseTech Global, and NEXTDC are trading sharply higher.
- Mining & Energy: Rising iron ore and energy prices are lifting BHP, Rio Tinto, and Woodside Energy.
- Banking Bounce: Commonwealth Bank and ANZ lead a broad-based financial recovery.
- Investor Sentiment: Risk-on mood prevails, with retail and institutional investors piling into growth sectors.
What Analysts Are Saying
“This is one of the strongest ASX opens we’ve seen this year. Nasdaq’s rally has given investors a green light to re-enter tech and growth stocks across the board,” said Laura Jennings, Equity Strategist at Macquarie.
“We may see some mid-session volatility, but the trend remains bullish unless U.S. futures falter later today.”
Live Sector Movers
- Top Gainers (so far):
- WiseTech Global +7.5%
- Afterpay Ltd (Block Inc) +6.9%
- Pilbara Minerals +5.8%
- BHP Group +4.3%
- Commonwealth Bank +3.9%
- No Significant Decliners as of Now
Market Outlook for Rest of the Day
- Expected Trend: Bullish, with potential for the ASX 200 to challenge resistance near 7,900–8,000.
- Caution Flags:
- Watch U.S. futures during late session
- Local macro data due later in the week (employment, CPI)
ASX 200 Starts 10 April with Explosive Momentum
The ASX 200 is off to a powerful start today, rising over 6% in the first hour of trade, supported by global tech optimism and strong sector participation across the board.
Investors will now be watching to see if this rally can sustain through to the close, especially with U.S. market futures and Asia-Pacific peers opening later.
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