Mid-Market: S&P/ASX 200 Trading Higher; Tech Sector Rebounded

Source: Kapitales Research

On 09 February 2026, at AEDT 12:45 PM, the benchmark index S&P/ASX 200 is trading higher today, gaining 163.50 points or 1.88%, and is currently trading at 8,872.30 levels. All 11 sectors are trading higher along with the gain in the S&P/ASX 200. The Information Technology and A-REIT sectors are the top 2 gaining sectors, gaining 3.34% and 3.20% in their index values.

Web Travel Group Limited (ASX: WEB) and Car Group Limited (ASX: CAR) are the top-gaining stocks, gaining 18.750% and 9.027% in their stock prices. On the other hand, Challenger Limited (ASX: CGF) and GQG Partners Inc. (ASX: GQG) are the top-losing stocks and are declining by 4.148% and 1.918% in their stock prices.

Factors influencing the market-

• Australian shares rebounded strongly today after suffering their worst one-day fall since Donald Trump’s “liberation day,” when $65 billion was wiped off the market on Friday. Investors returned to technology and mining stocks, lifting the S&P/ASX 200. All 11 sectors advanced, helping the market recover about $40 billion of last week’s losses driven by weaker commodity prices, AI concerns and a sharp drop in bitcoin.
• Seek Limited’s shares edged up after reporting a $356 million post-tax impairment charge in its first-half results, stemming from its investment in China-based job platform Zhaopin, whose value dropped from $529 million to $182 million in six months.
• Pepper Money surged 25% after confirming a $2.60-per-share takeover bid from Challenger to acquire the company, while Challenger shares fell 4.15%.
• Web Travel jumped 18.75% after reaffirming its full-year earnings guidance of $147 million to $155 million, recovering from a near 30% sell-off on Friday following news of an audit at its Spanish subsidiary.
• After a nearly 13% drop last week due to concerns over AI spending and the potential obsolescence of software companies, the ASX technology sector rebounded strongly today, driven by dip buying.
• The Dow Jones closed up by 2.47%, S&P 500 gained by 1.97% and Nasdaq was up by 2.18% in the previous session.
• Hang Seng is down by 1.21%, and FTSE 100 is up by 0.59%.

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