You are here

Australia: Shares jump most in two weeks on brighter China, US outlook

aus290715.jpg

[SYDNEY] Australian shares gained the most in two weeks on Wednesday as a reprieve from the Chinese equities correction and an upbeat US economic outlook gave investors inspiration to seek bargains.

The S&P/ASX 200 index rose 0.7 per cent or 39.5 points to 5,624.2, to show an increase of 3 per cent this month, the largest such gain since March.

New Zealand's benchmark NZX 50 index added 0.4 per cent or 22.4 points to finish the session at 5,870.8.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom