ASX's Muted Closing: What's Behind the Gold Rush and Tech Surge? The Australian sharemarket closed slightly lower on Friday, bucking the trend of recent record highs.
Tech stocks led the charge, with Atlassian surging 32. 7% in after hours trading. Meanwhile, gold miners saw a significant jump as the price of gold remained above $US4200 an ounce.
Despite robust results from companies across various sectors, the muted closing may seem counterintuitive.