Business
Australian shares recover as AMP confirms takeover bid and US tech giants surge – ABC News
Australian shares recoup some of yesterday’s heavy losses after Wall Street rebounded from its worst sell-off in months, while Apple, Amazon, Facebook and Google…
Australian shares have recouped some of yesterday’s heavy losses after Wall Street rebounded from its worst sell-off in months.
Key points:
- The ASX 200 has dropped more than 3pc since the week began
- The Australian dollar briefly fell overnight to a three-month low (70.02 US cents)
- AMP received a takeover offer from a US private equity firm
By 11:15am AEDT, the benchmark ASX 200 index was up 0.2 per cent to 5,970 points.
The Australian dollar slipped (-0.2pc) to 70.34 US cents.
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