* Australian stocks set for third straight day of gains
* Gold stocks see best day in more than nine weeks
* NZ benchmark climbs almost 1%
March 10 (Reuters) - Australian shares rose on Wednesday as
technology stocks gained the most in more than seven months
after a rally in the tech-heavy Nasdaq overnight.
The S&P/ASX 200 index gained 0.3% to 6,790.2 by 2304
GMT. The benchmark had closed 0.5% higher on Tuesday.
A gauge of global stocks also gained as a fall in U.S.
Treasury yields eased concerns that the economic recovery could
overheat and lead to stronger-than-expected inflation. Lower
yields also helped the Nasdaq surge more than 3%.
A sub-index of Australian technology-related shares
soared 4.7% and were on track for their best day since July
2020. Buy-now-pay-later giant Afterpay jumped 8.4%,
while Appen Ltd gained 5.9%.
The gold index rose as much as 2.8% as the dip in
yields also supported bullion prices.
West African Resources rose 7.69%, followed by Gold
Road Resources Ltd, which gained 6.6%.
Sentiment was also boosted by Australia's central bank chief
rebuffing market talk of rate hikes, saying it will take at
least until 2024 to reach full employment even as the economy
was now within "striking distance" of its pre-pandemic output.
Energy stocks, meanwhile, shed 1.7% as oil prices
eased. Beach Energy and Santos slid 2.8% and
In New Zealand, the benchmark S&P/NZX 50 index
climbed as much as 0.9% at 12,257.5.
The country's central bank said it will remove some
temporary liquidity facilities it had put in place during the
COVID-19 pandemic, because of improving market conditions.
(Reporting by Aditya Munjuluru; editing by Uttaresh.V)