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Bank stocks surge on lending laws plan, drive ASX higher – NEWS.com.au
Bank stocks surge on lending laws plan, drive ASX higher
The Australian share market was driven higher by big gains among bank stocks after the Federal Government announced it would loosen responsible lending laws as part of its economic recovery plan.The benchmark S&P/ASX200 closed in on the key 6000 point mark, finishing 1.51 per cent higher at 5964.9, while the All Ordinaries Index rose 1.39 per cent to 6140.5.
A positive overnight lead from the US, as investors become more optimistic about the possibility of a COVID-19 stimulus bill, helped t…
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