ASX 200 jumps 1%, driven by tech, bank stocks following gains on Wall Street after Fed rates signal
Stocks finish 1 per cent higher, bolstered by tech, bank and energy gains. Wall Street gained after Fed signalled a possible 2022 rate hike and Evergrande concerns eased. Iron ore prices rebound.
Welcome to the Trading Day blog for Thursday, September 23. Australian stocks end 1 per cent higher, bolstered by tech, bank and energy stocks. Wall Street rallied as investors shook off concerns over China property developer Evergrande and as the Federal Reserve signalled a possible interest rate rise late next year.
The Dow, S&P 500 and Nasdaq all ended up about 1 per cent. European and Asian markets were also more upbeat following steep falls earlier in the week, while oil prices rose and iron ore recovered.
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