ASX 200 Live: ASX jumps as Wall Street rallies; China CPI stokes commodities

Stocks rise after strong US gains in response to lower-than-expected jobless claims data and commodities rise on China CPI beat. Super Retail boss 'used company funds to further affair': court docs. News Corp flags 'external interest' in Foxtel. Life360 shares jump as much as 20pc after revenue rise. 

The ASX is set to rise after a solid day on Wall Street. Picture: Gaye Gerard

That's all from the Trading Day blog for Friday, August 9. The ASX 200 closed up 1.3 per cent at 7777.7 points. The index jumped as much as 1.5 per cent after Wall street soared on lower than expected jobless claims in the US and as iron ore and copper prices rose after China's CPI exceeded estimates.

The Aussie dollar is trading around US65.90c.