Business
ASX jumps 1.6% as mining giants surge; GDP data ahead – The Sydney Morning Herald
The ASX 200 was little moved by confirmation Australia entered its first recession in 29 years, closing 110 points higher at 6063.
The blue-chips were particularly strong, including solid gains for the iron ore giants, the major lenders, biotech CSL and the likes of Wesfarmers, Woolworths, Transurban, ResMed and Telstra.
Only a handful of goldminers, the ex-dividend Medibank Private, and a few buy now, pay later darlings really dragged on the market.
Aftertpays 1.9 per cent drop to $82.50 was the main reason the NASDAQs gains didnt quite instil the same enthusiasm in the local tech sector. The firm may have improved from …
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