ASX edges higher to break losing streak

The information technology sector led the gains with a nearly two per cent surge, while financials and consumer discretionary sectors lifted by 1.4 per cent and 1.0 per cent respectively.

Iron ore futures slipped below US$100 per tonne, helping drag 1.16 per cent from BHP's market cap, amid ongoing concerns over China's forward demand.

The Australian dollar sunk past a three-month low, and was buying 64.7 US cents, down from 65.29 US at Wednesday's ASX close.

Australian unemployment came in steady at 4.1 per cent in October, in line with expectations.