Australia: Shares bounce as investors swoop on bargains after months of falls
[SYDNEY] Australian shares rose the most in a month on Thursday, defying falls in overseas commodities and equities markets, as investors took advantage of buying opportunities following months of heavy selling.
Global building materials maker James Hardie Industries also helped boost the broader market, gaining 10 per cent after it reported annual net profit nearly tripled.
The S&P/ASX 200 index rose 52.0 points or 0.9 per cent to 5662.3 at the close of trade, its biggest one-day advance since April 24.
New Zealand's benchmark NZX 50 index firmed 13.5 points or 0.2 per cent to finish the session at 5769.3.
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
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data