S&P/ASX 200 Index (ASX: XJO) tech shares are continuing to rebound after their rough start to the week amid a strong session overseas.
The tech-heavy Nasdaq Index took off overnight, with the Nasdaq-100 recording a 3.48% gain for Thursday's session. Though, it might be giving some of its gains back later today.
Likely in reaction, the S&P/ASX 200 Information Technology Index (ASX: XIJ) is boasting a 1.74% increase on Friday, helping it to recover some of its losses from earlier in the week.
For context, the ASX 200 is currently 0.68% higher.
Let's take a closer look at what might be going on with ASX 200 tech shares on Friday.
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What's driving ASX 200 tech shares higher?
The ASX 200 tech sector is leading the index on Friday, with the EML Payments Ltd (ASX: EML) share price coming in as its top performer.
The payments provider's stock plummeted 38.5% on Tuesday after the company downgraded its guidance. Today, it's back in the green, gaining 5.34% amid the release of its response to an ASX query regarding Tuesday's news.
The Life360 Inc (ASX: 360) share price is on a similar trajectory. It's up 4.86% today following Wednesday's 29.4% tumble.
Other ASX 200 tech stocks in the green today include Novonix Ltd (ASX: NVX), Computershare Limited (ASX: CPU), and Xero Limited (ASX: XRO).
They've gained 3.52%, 2.73%, and 1.81% respectively.
Looking to the broader ASX tech sector, the S&P/ASX All Technology Index (ASX: XTX) is currently up 1.79%.
The sector's performance follows a similarly strong session on the tech-heavy Nasdaq Index overnight.
Most of Australia woke up to the Nasdaq-100 boasting a 3.48% gain. But tomorrow's session overseas might not be so pretty.
The Nasdaq Index struggled in after-hours trade on Thursday evening, reports my international colleague.
Its slump was driven by tech giants, Apple Inc (NASDAQ: APPL) and Amazon.com Inc (NASDAQ: AMZN). The pair both released quarterly earnings on Thursday.
If ASX 200 tech shares can hold onto their current gains, the sector will close Friday's session 2.1% lower than it was at end of last week.
