Australia: Shares post third weekly gain on rate cut hopes, NZ at new record
Add BT as a preferred source
[SYDNEY] Australian shares edged to their highest close in a year on Friday, securing a third straight week of gains, as hopes of a rate cut kept investors interested in the lead-up to earnings season, while New Zealand stocks hit a fresh record close.
The S&P/ASX 200 index added 5.7 points, or 0.1 per cent, to 5,562.3 at the close of trade, its highest since Aug 6, 2015. The benchmark rose 1.2 per cent for the week.
New Zealand's benchmark S&P/NZX 50 index rose 41.8 points, or 0.6 per cent, to finish the session at 7,348.1. It was up 1.7 per cent for the week, its fifth consecutive weekly gain.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
COEs for large cars up 4.3% at S$126,236, mainstream cars near S$125,000
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
