Comments
Australian shares rose to a near five-month high on Friday as investors bought banks amid growing expectation of an interest rate cut within days and miners rose along with a rebound in commodities prices.
The S&P/ASX 200 index gained 18.8 points or 0.3 per cent to 5,588.3 at the close of trade, its highest since September 5 and its seventh straight day of gains. The index added 1.6 per cent for the week and is up 3.3 per cent for January.
New Zealand’s benchmark NZX 50 index fell 15.8 points or 0.3 per cent to finish the session at 5,744.0.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.