Local blue chips traded in positive territory throughout the day, in line with other major Asian bourses which surged over 2% today.

The ASX 200 finished 0.60% higher, with the Tech sector leading the pack, up by 3%. This follows a 2% rise on the tech-heavy Nasdaq overnight as risk appetite returned.

Financial stocks were the other major winners on the local bourse today, carrying the ASX benchmark index to a two month high of 7,385.

Investors have been eying a possible early end to the Ukraine-Russia confilict, even as President Biden and his European allies contemplate further sanctions on Russia.

As Biden makes his way over to Europe, Brent crude has jumped again in Asia trading and climbed to over US$117 a barrel.

Meanwhile, iron ore price was down 3% and faced renewed pressure as China’s COVID-19 outbreak intensifies. China has just put another city of 9 million people, Shenyang, under lockdown. The Mining sector was down by 0.4% today on the back of the news.

BIG CAP WINNERS

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Environmental tech company Calix (ASX:CLX) surged 15%after announcing that its lead LEILAC-2 project has passed its Financial Investment Decision (FID) to build a plant capable of capturing 20% of a cement plant’s CO2.

Calix is now proceeding with detailed design, purchasing long-lead items, and expecting to commence construction in 2023.

Sayona Mining (ASX:SYA) was up 13% on no news. The SYA share price has surged 80% in the past month after revealing a doubling of its Québec lithium resource base earlier this month.

Afterpay parent Block Inc (ASX:SQ2) was up another 7.5%, taking its gain to just under 40% for the past month.

APT shares last traded on the ASX at ~$66, before the US-linked Block Inc shares opened at ~$175 on January 21, and is now changing hands at $188.27.

BIG CAP LOSERS

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Fisher & Paykel (ASX:FPH) was down 8% after downgrading its full year revenue forecast to a range of $1.675 ~ $1.70 billion.

The company said freight rates remain elevated, and are likely to impact FPH’s long- term gross margin target of 65% by approximately 250 basis points.