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ASX edges hgher, Wall St rallies as Fed scales back COVID-19 stimulus
Australian shares have risen in afternoon trade, after Wall Street closed at new record highs as the US Federal Reserve confirmed it would start winding back some of its COVID-era stimulus this month. The ASX 200 index had gained 0.2 per cent to 7,409 points, by 12:30pm (AEDT). It closed 0.9 per cent higher yesterday. Technology was the best performing sector, driven by gains in AI data developer Appen (+3.6pc) and Afterpay (+1.9pc). Square shareholders have approved the issuance of new shares for the US company's $39 billion takeover of Afterpay, bringing the buy-now-pay-later sector's largest buyout a step closer ... (full story)