The tech sector has slid this year, but with the Nasdaq rebounding strongly in recent weeks, is the tech sector back?

MARKET WRAP:

• ASX200: up 0.69% to 8,126
• GOLD: $3,295 US/oz
• BITCOIN: $148,074 AUD
• Tech stocks higher led by WiseTech Global – up 1% and TechnologyOne gaining 2.4% to $30.06.
• REITS were also solid, with Goodman Group up 1.9% and Westfield shopping centre landlord, Scentre gaining 1.7% to $3.62. 
• Wesfarmers rose 1.6% and JB Hi-Fi added 0.7% per cent to close at $103.59.
• Commonwealth Bank and Westpac also increased by 2.2% and 1.6%.
• Champion Iron dropped by just under 1 per cent to $4.57 despite reporting a record quarter for sales, rising 18 per cent year-on-year to 3.5 million dry metric tonnes.
• Alcoa retreated by 1.7% to $38.95 after reporting Spain’s nationwide power outage on Monday had affected operations at one of its smelters.
• Origin fell 1.3% following their report of a decrease in LNG revenue.

CURRENCY UPDATE:

• AUD/USD: 63.4 US cents
• AUD/GBP: 47.8 pence
• AUD/EUR: 55 Euro cents
• AUD/JPY: 90 Japanese yen
• AUD/NZD: 1.07 NZ dollars