Australia: Shares bounce off 7-month lows on bargain hunting
Published Wed, Aug 19, 2015 · 06:44 AM
[SYDNEY] Australian shares rallied 1.5 per cent on Wednesday with gains across the board as bargain hunters picked up banks and resources stocks.
The S&P/ASX 200 index added 77.05 points to 5,380.2 at the close of trade, having recovered from a seven-month trough touched on Tuesday.
New Zealand's benchmark NZX 50 index rose 0.7 per cent or 39.26 points to finish the session at 5,750.03.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard