Australian shares recover as AMP confirms takeover bid and US tech giants surge – ABC News

Australian shares have recouped some of yesterday’s heavy losses after Wall Street rebounded from its worst sell-off in months.
Key points:

• The ASX 200 has dropped more than 3pc since the week began
• The Australian dollar briefly fell overnight to a three-month low (70.02 US cents)
• AMP received a takeover offer from a US private equity firm

By 11:15am AEDT, the benchmark ASX 200 index was up 0.2 per cent to 5,970 points.
The Australian dollar slipped (-0.2pc) to 70.34 US cents.
Some of the best-performing…

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