5 Best ASX Technology Stocks

Australia is home to a thriving tech sector with fresh investment opportunities emerging across a variety of subsectors, such as gaming, fintech, healthcare and cleantech.

The technology sector currently contributes about AU$167 billion to the Australian economy, according to research commissioned by the Technology Council of Australia. This figure has increased by 79 percent from 2016, representing a growth rate that is more than four times that of most industries. In fact, the tech sector is the third largest economic sector in Australia, behind mining and finance/insurance.

Unsurprisingly, many tech stocks on the ASX have performed well in this landscape.

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Which ASX technology stocks performed the best in 2021? Here’s a look at the five top ASX technology stocks by share price performance.

The Future of Tech in Australia

Australia’s technology sector is garnering attention with advancements in fintech, cleantech and gaming, among other exciting industries.

The country’s characteristically resilient economy — which had not experienced a recession in nearly 30 years prior to COVID-19 lockdowns — has provided a sturdy backdrop for its growing tech sector. As economies worldwide face uncertainty, Australia’s job market continues to defy global trends.

In fact, as COVID-19 restrictions were lifted, Australia’s employment level rose by a record 366,100 jobs in November 2021, surpassing projections of a 205,000 turnaround, as per a Reuters report.

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Australia’s tech sector is making headway on an international level. Learn about the Australia tech outlook and what’s next in the country.

Investing in Gold in Australia

With gold sitting near all-time highs, interest is high and investors are looking at ways to enter the market.

Australian investors may want to turn their attention to their own backyard. Australia is currently the second largest gold-producing country in the world, and its western region is a jurisdiction that is increasingly being sought out by exploration and mining companies.

Read on for a breakdown of the Australian gold market, as well as how and why to invest in the area.

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Interested in investing in gold in Australia? This guide covers multiple ways to enter the market, from physical metal to ETFs to stocks.

6 ASX Mining Stocks to Watch

Western Australia consistently ranks as one of the best jurisdictions for mining investment in the Fraser Institute’s yearly survey. South Australia also ranks in the top 10.

The Canadian think tank uses several criteria to determine the most hospitable locales for mining investment. The annual list is often a precursor to increased mining activity in top-ranking regions.

“The mining survey is the most comprehensive report on government policies that either attract or discourage mining investors,” explains Ashley Stedman of the Fraser Institute in the report.

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A recent release from Canaccord Genuity lists 23 Australian stock picks, six of which are mining companies well known in their respective sectors.

10 ASX Cleantech Stocks

Clean technology covers a number of industry sectors, such as low-emission technologies, renewable energy, water and wastewater technologies as well as waste and resource efficiencies.

In the first half of 2021, the global cleantech space performed well, almost above expectations.

“There is a clear shift in the industry that is prioritising investments into the space,” Yuan-sheng Yu of Lux Research told the Investing News Network. “Whether that is purely through the installation of renewable energy capacity or in early stage technologies.”

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What are the cleantech stocks listed on the ASX? Here’s a deeper look at the burgeoning cleantech industry in Australia.

Australia Resource Investing 101

If you’re reading this, chances are you’ve seen some of the recent buzz around Australia as a destination for resource investment and potential profit.

Australia ranks as the 13th largest economy in the world, due in no small part to its mineral largess. Between 2010 and 2020, mining contributed an impressive 10.4 percent to Australia’s economy, translating to a gross domestic product of AU$202 billion.

The country is a global mining hotspot, and its abundant natural resources and government incentives have attracted some of the mining industry’s biggest names: BHP (ASX:BHP,LSE:BHP,NYSE:BHP), Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) and Newcrest Mining (ASX:NCM,OTC Pink:NCMGF).

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If you’re curious about the Australia investing buzz that’s been happening in recent years, we’ve got a quick summary of how it started and where it’s going.

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