The S&P/ASX 200 Index (ASX: XJO) is soaring to a five-month high this morning after the latest US inflation figures saw Wall Street soar overnight, and Aussie tech shares are among the marketâs leaders.
The ASX 200 is currently up 2.75% at 7,155.2 points. At the same time, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is up a whopping 3.99%.
Market watchers likely wonât be surprised to learn, therefore, that the Nasdaq Composite Index (NASDAQ: .IXIC) leapt 7.3% overnight.
Meanwhile, the Dow Jones Industrial Average Index (DJX: .DJI) rose 3.7% and the S&P 500 Index (SP: .INX) soared 5.5%.
Their gains followed news the US consumer price index lifted 0.4% in October and 7.7% over the last 12 months. That was a softer result than broadly expected and could lead the US Federal Reserve to put the brakes on interest rate hikes.
So, which ASX 200 tech shares are making the most of Fridayâs surge? Keep reading to find out.
3 ASX 200 tech shares leaping 10% on Friday
Itâs a good day for many of the marketâs favourite ASX 200 tech stocks, with the WiseTech Global Ltd (ASX: WTC) share price among those leading the way.
The logistics software provider’s stock has gained 11.29% at the time of writing, soaring to trade at $58.34.
The Block Inc (ASX: SQ2) share price is also posting a notable surge on Friday. Though, the company’s Aussie listing hasnât quite left the gates with the same gusto as its New York-listed counterpart.
The Block share price is up 11.62% on the ASX right now, trading at $101.99. That marks a near-four week high. However, over on Wall Street, the Block Inc (NYSE: SQ) share price rocketed 17.8% overnight to close Thursdayâs session at US$67.40.
Finally, the Megaport Ltd (ASX: MP1) share price is making the most of todayâs excitement. Itâs lifting 9.67% right now, trading at $5.90.
The post 3 ASX 200 tech shares booming 10% or more on Friday appeared first on The Motley Fool Australia.
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More reading
- ASX 200 tech shares jump 6%
- Why Block, Lake Resources, Pendal, and Xero shares are dropping today
- Why is the Block share price plunging 6% today?
- Top brokers name 3 ASX shares to buy today
- Here are the top 10 ASX 200 shares today Â
Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Block, Inc., MEGAPORT FPO, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Block, Inc. and WiseTech Global. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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