Business
ASX up 1.1pc; SEEK confirms Zhaopin discussions – The Australian Financial Review
The ASX gained strongly as heavyweights BHP, CSL and CBA found buyers and Afterpay led a tech-sector surge. SEEK stood out after reports of Alibaba interest in its Chinese jobs platform Zhaopin. Why China’s iron ore hunger won’t ease soon.
The ASX ended the day with a 1 per cent, or 61 point, gain to 5956.
Seek was the standout gainer of the session, rising 9.4 per cent to $21.02 after confirming that its Chinese jobs platform Zhaopin was in investment talks with a number of parties.
Earlier, tech news service The Information reported that Alibaba was in discussions to invest hundreds of millions of dollars in Zhaopin.
Heavyweights supporting the advance included CSL, up 1.4 per cent, BHP, up 1.4 per cent, and Commonwealth Bank…
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