The ASX 200 bounced another +0.6% on Wednesday with the miners and banks dragging the market higher, even when only 45% of the main board closed in positive territory. To put things into perspective, the local bourse closed up 50-points with the miners alone contributing +42 points to the day, helped by another solid day for iron ore, and related names. Traders were offered some relief from the recent volatility spurred by the Iran war on Wednesday after the International Energy Agency (IEA) reportedly proposed the release of oil reserves. Unfortunately, the market failed to follow the heavyweight sectors higher, with weakness resurfacing in the tech and high growth stocks, more on this later with the Tech Sector, closing down 1.6%, just missing out on the wooden spoon to the Utilities sector.
