Business
As it happened: ASX finishes 0.8% higher as health, tech stocks surge – The Sydney Morning Herald
The ASX 200 added 0.8% on Tuesday thanks to health and tech-led gains. Treasury Wine shares plunged on a Chinese anti-dumping investigation into Australian wine exports.
However, several companies expressed concern about the medium-term outlook in their results. The financial sector dragged again after Westpac, for example, scrapped its first-half dividend for the first time in recent history, citing prudence amid uncertainty.
Its shares fell 2.3 per cent to $17.18.
The materials sector closed higher thanks to gains over 1 per cent in Rio Tinto and Fortescue, while BHP dropped 0.5 per cent to $39.67.
The multinational miner reported a $12.6 billion profit …
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