General
Donald Trump’s coronavirus relief and government funding bill signing leads to Australian stock market rise
Australia’s share market has closed more than half a per cent higher on the back of the United States passing its long-awaited stimulus bill to help the country’s economic recovery from COVID-19.
Key points:
- Buy-now-pay-later company Afterpay hit another record high at $122 a share
- Beach Energy fell 4.3 per cent after it abandoned its Ironbark exploration well in Western Australia
- US President Donald Trump passed a multi-trillion-dollar COVID-19 stimulus bill restoring unemployment benefits to millions of Americans
The ASX200 and the All Ords were both up roughly 0.6 per cent to 6,700 points and 6,962 points, respectively.
Afterpay continued its climb, gaining 5.3 per cent to another record high of $122, and milk company A2 remained high…
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