Australia's financial sub-index rose about 1 per cent, boosted by gains in the"Big Four" banks.
Australia and New Zealand Banking Group, National Australia Bank, Commonwealth Bank of Australia and Westpac Banking rose between 0.8 per cent and 1.6 per cent. "If we see US futures doing well, our market will tend to follow and the banks being such a big part of our index, that's one of the places that people put their money," Mr Jennings said.The energy sector rose 1.3 per cent boosted by Woodside Petroleum and Santos, which gained about 2 per cent each, ahead of their quarterly production numbers on Thursday.
On the downside, healthcare stocks closed down 1.1 per cent and marked its worst session since Oct 2. Industry behemoth CSL slid 1.3 per cent, while Mesoblast declined 4.4 per cent. New Zealand's benchmark S&P/NZX 50 index slipped 0.2 per cent to finish the session at 12,432.61, with losses led by Scales Corporation and Goodman Property Trust, which fell about 2.8 per cent each.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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Source: BusinessTimes - 🏆 15. / 51 Read more »