ASX rises 1.1 per cent on strong open – The Sydney Morning Herald

The local market has risen strongly after the open, gaining 74 points, or 1.1 per cent, to 6840. It was given a strong lead by Wall Street, which saw gains of around 0.9 per cent on all three main indexes.
All sectors were in the green following the beginning of trade, lead by the consumer discretionary and information technology sectors, each boasting gains of around 2 per cent.
The communication sector is also 1.6 per cent higher, largely due to 11 per cent gains in media conglomerate News Corporation,…

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