You are here
Australia: Shares jump most in two weeks on brighter China, US outlook
PHOTO: BLOOMBERG
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
