Business
Australian shares to recover, as Wall Street surges on ‘relief rally’ – ABC News
The Australian share market recovers from yesterday’s slight losses, as investors buy the dip and drive global markets higher.
The Australian share market has risen in early trade, clawing back all of yesterday’s slight losses.
It follows an overnight surge across global markets, as bargain-hunting investors piled into the sectors hardest-hit by the coronavirus recession, like banking, energy and travel.
By 10:15am AEST, the benchmark ASX 200 was up 0.6 per cent to 5,990 points.
Some of the best-performing stocks were buy now, pay later stocks Zip Co (+4.5pc) and Afterpay (+3.3pc), and travel companies Qantas (+3.6pc…
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