You are here

Australia: Shares show a rare gain, helped by energy bounce

Chinese Internet giant Baidu confirmed on Wednesday it is buying a stake in fast-growing international car-hailing service Uber as the pair chase growth in one of the world's largest transportation markets.

[SYDNEY] Australian shares rose 0.2 per cent on Wednesday, a rare gain following six sessions of losses.

The S&P/ASX 200 index added 9.6 points to 5,161.9 at the close of trade, supported by a bounce in the energy and natural resources sectors.

New Zealand's benchmark NZX 50 index had a quiet session and ended unchanged at 5,496.5.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to