The S & P/ASX200 rose just 2.6 per cent to close at 7,091. The All Ordinaries climbed slightly higher, increasing 6.1 points to 7287.4.
Early in the trading session, stocks had rallied after a positive lead from Wall St as traders became increasingly confident the US Federal Reserve had finished raising interest rates for now following the release of its fresh board minutes. Fears are fading among traders that the Fed will be forced to embark on further rate hikes, Photo by SAUL LOEB / AFP
Back home, health sector heavyweight CSL tumbled 6.3 per cent to $238.24 a share after news that weight loss drug Ozempic could compete with the firm’s kidney disease treatment products. Separately, Fisher & Paykel sank 4.4 per cent to $19.75.
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