Tech shares added 1.55 per cent on Friday as investors bet on software businesses related to hype around artificial intelligence.
P/ASX 200 up 16.6 points, or 0.23 per cent, to 7154.8 for its first gain in five trading sessions, ending a week punctuated by worries over US debt ceiling negotiations.
Local technology shares advanced 1.55 per cent on the ASX 200. Computer chip hopeful Brainchip caught Nvidia’s updraught to climb 6.2 per cent to 43¢. Elsewhere, mortgage financing business Latitude cut its profit guidance for the full year and scrapped its interim dividend. Latitude blamed the downgrade on lost income and higher credit losses in the aftermath of a cyberattack on the company in March. The shares tumbled 3.5 per cent on the news to $1.25.
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