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ASX edges higher after strong rebounds in major global markets – NEWS.com.au
ASX edges higher after strong rebounds in major global markets
Australian shares followed strong rebounds in global markets on Tuesday after last weeks losses sparked by the GameStop short-selling bubble.The benchmark S&P/ASX 200 gained 99.6 points, or 1.5 per cent, to 6762.6, with nine of index’s sectors finishing in positive territory.
The broader All Ordinaries index jumped 104.7 points, or 1.5 per cent, to 7027.5.
the Australian dollar was fetching 76.2 US cents and gold was buying $US1854.9 an ounce in afternoon trade.
Westpac market analyst Robert Rennie…
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