Australia: Stocks up 1 per cent, biggest gain in a month
[SYDNEY] Australian shares rose the most in a month on Monday, defying weaker US markets, as investors took advantage of cheap bank stocks following months of selling and as a rebound in iron ore prices stoked demand for resource stocks.
The S&P/ASX 200 index rose 56.8 points or 1 per cent to 5,721.5 at the close of trade, its biggest one-day gain since April 24. The benchmark is down 4.5 per cent from its 2015 peak on March 3.
New Zealand's benchmark NZX 50 index rose 19.0 points or 0.3 per cent to finish the session at 5,795.0.
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
Europe: Adidas, LVMH steer shares higher on earnings relief
Rebound relief for Asian stocks; STI up 0.3% led by DBS, UOB
Asia: Stocks swing after latest selloff as Fed, Middle East dampen sentiment
Cordlife to raise S$8.2 million from private placement
Singapore stocks open lower on Wednesday; STI down 0.1%
Stocks to watch: CDL, Keppel Pacific Oak US Reit, Cordlife