ASX soars 2.8pc as Asian stocks join global relief rally

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 90%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The S&P/ASX 200 added 194 points on Friday, as Wall Street’s rally spread to benchmarks in Japan, Hong Kong and South Korea.

spurred bets that the Federal Reserve will slow the pace of its aggressive policy tightening.

Japan’s Nikkei 225 index was on track to post a 2.9 per cent gain, while Hong Kong’s Hang Seng roared 5.7 per cent higher. South Korea’s Kospi index jumped 3.1 per cent.P/ASX 200 soared 2.8 per cent, or 194 points, to 7158, with the index hitting its highest level in five months during the session. Friday’s rally lifted the benchmark to a weekly gain of 3.9 per cent.

The local technology sector was boosted by a decline in bond yields; Zip surged 18.4 per cent to 74¢, Block jumped 11.5 per cent to $100.91 and Megaport added 13.6 per cent to $6.11.sealed a five-year deal for the Australian OpenRamsay Health Care jumped 4.7 per cent to $61.85 after reporting that activity and profitability improved across all regions over the September quarter as COVID-19 cases fell in the community.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX to slip, US stocks slide, bitcoin tumbles anewAustralian shares are set to open lower, taking direction from losses in New York. Bitcoin extends losses. $A drops.
Source: FinancialReview - 🏆 2. / 90 Read more »