Business
ASX shrugs off global decline to close higher – The Australian Financial Review
The Australian sharemarket rebounded from a heavy loss to close the session higher on Wednesday as investors bought tech, health and gold stocks.
“Once we get settled around the US election result, the overall market should settle.”
The market rebounded from a 0.5 per cent drop at the open on Wednesday, breaking into the green following the release of third-quarter inflation data.
Australia recorded the biggest quarterly rise in inflation since 2006, increasing 1.6 per cent in the September quarter, following a record fall in the previous quarter.
“Inflation partially recovered in Q3 in line with expectations, reversing some of the record…
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