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BUZZ-Australia-listed shares of Block gains as tech sector rebounds

ReutersJan 29, 2025 4:32 AM

** ASX-listed shares of Block XYZ.AX gain 4% to A$141.83

** Its NASDAQ-listed shares gained 4.3% overnight

** Jack Dorsey co-founded fintech firm joined the rebound in AI tech stocks

** Bitcoin breaks four-day losing run to rise 1.8%; Bitcoin-based revenue make up ~40% of the firm's total revenue

** Stock is the 10-biggest percentage gainer in ASX 200 .AXJO

** Stock gained 9.9% last year vs the AXJO's rise of 7.5%

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