End-of-day summary:
The share market more than halved sharp initial losses after strong earnings from AI leader Nvidia fuelled a surge in US equity futures.
The ASX 200 slashed an opening plunge of 84 points to just 36 points or 0.46% by this afternoon's close. Tech stocks, supermarkets, utilities and healthcare providers outperformed, helping offset declines in resource stocks and banks.
The market's partial recovery came as AI optimism lifted S&P 500 futures by 0.55% and Nasdaq futures 0.9%. Nvidia this morning reported a 262% lift in first-quarter sales from the prior corresponding period.
