The ASX 200 posted its second day of steady gains, although the drivers were broadly the reverse of Monday’s session.

Falls in resources and financials were offset by a rebound in the tech sector.

A day after lagging the market with a fall of 1.25%, the ASX 200 Information Technology index posted a 1.59% gain to lead all the major sectors on Tuesday.

Volatility in tech stocks has accompanied a rise in bond yields to start the week, with markets choosing to bring forward the timing on interest rate hikes across all major developed economies.

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Large cap gains were led by battery materials company Novonix (ASX:NVX), which jumped more than 10% on no news.

Also posting solid gains was The A2 Milk Company (ASX:A2M), which rose by over 5% and has now climbed by more than 30% over the past month.

As part of the tech rebound, BNPL leader Zip Co (ASX:Z1P) rose by more than 5%, while former market-darling Appen (ASX:APX) has climbed back off recent lows to close above $10.

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