Information technology stocks surged over 8% in midday trading Thursday, mirroring overnight Wall Street gains after Democrats posted a decisive victory in midterm elections.
NextDC (ASX:NXT) soared 45% after saying Goodman Group (ASX:GMG) and US-listed Digital Realty Trust conducted a book build with the aim of acquiring its shares at AU$9.50 each.
On the flip side, energy stocks led decliners with a fall of 5% after oil prices retreated to below $100 a barrel following the US election results.
Woodside Energy (ASX:WDS) shed over 6% after saying it is targeting $400 million of annual structural cost reductions from 2028.
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