Australia: Shares hit 20-week high as rate cut hopes temper oil turmoil
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SYDNEY] Australian shares rose to a 20-week high on Thursday as hopes for an interest rate cut within days pushed up indexes even as oil prices at multi-year lows sent energy stocks sharply lower The S&P/ASX 200 index rose 0.3 per cent or 16.7 points to close at 5569.5, its highest since Sept 10 and its seventh consecutive day of gains.
New Zealand's benchmark NZX 50 index touched a record intraday high before retreating to finish down 35.0 points or 0.6 per cent at 5759.8.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
