Market Close 30 May 22: ASX follows Wall St higher as inflation concerns ease

The Aussie sharemarket kicked the week off on a strong note and finished at session highs after the ASX 200 added 1.45 per cent or 103.9 pts, to 7286.6. A strong lead from Wall St. on Friday caused the Tech sector to climb 4.6 per cent and post its first three-day winning streak in two months. A rally in base metals on Friday also supported a 2.2 per cent increase in the local mining sector. Of the 11 sectors, 10 finished in the green.

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