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Australia: Shares end string of losses as gold, tech stocks rise

  • 📰 BusinessTimes
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[BENGALURU] Australian shares ended four straight sessions of losses to close slightly higher on Wednesday as gold miners gained and technology stocks rose following Afterpay's strong earnings. Read more at The Business Times.

In Australia, data showed consumer prices rose 1.6 per cent in the September quarter, though that merely retraced the June quarter's record 1.9 per cent plunge.

Among sectors, the gold index surged as prices of the yellow metal benefited from uncertainties about US elections and surging global Covid-19 cases. Tech stocks were also higher, with buy-now-pay-later firm Afterpay jumping about 7 per cent after its underlying sales in the first-quarter more than doubled.

 

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