Australia shares finish near 1-month highs; NZ up
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BENGALURU] Australian shares ended broadly firmer for a fourth straight session on Wednesday, tracking record highs on Wall Street that was helped by a rebound in technology stocks.
The S&P/ASX 200 index rose 1.1 per cent, or 61.13 points, to 5,833.9, its highest close in a month.
The benchmark added 1.7 per cent on Tuesday in its best day in seven months.
Investors are awaiting clarity on the future path of US monetary policy from a two-day Federal Reserve meeting where it is widely expected to raise rates. The central bank is due to announce its monetary policy decision at 1800 GMT.
Financials stocks were the top gainers, with Commonwealth Bank of Australia, the biggest by market value, rising 1.4 per cent.
CBA's 'Big Four' peers rose in a range of 0.6 per cent to 1.7 per cent.
Navigate Asia in
a new global order
Get the insights delivered to your inbox.
Gold stocks guided the metals and miners index higher, while mining giants BHP and Rio Tinto held steady.
New Zealand's benchmark S&P/NZX 50 index closed up 0.6 per cent, or 43.91 points, at 7,483.99.
Fisher & Pay Healthcare Corp and Spark New Zealand were the biggest gainers on the benchmark by weight, adding 1.7 per cent and 1.4 per cent, respectively.
REUTERS
Share with us your feedback on BT's products and services
