ASX 200 jumps on energy, miners; Whitehaven Coal roars as Dexus drags; dollar rebounds
ASX breaks a three-day losing streak on energy and materials. Aussie dollar rebounds, Link suffers downgrades, gloomy outlook hits REITs and Santos rises amid PNG offer.
Welcome to the Trading Day blog for Tuesday, September 27. The Australian sharemarket snapped a three-day losing streak on broad gains led by materials and energy stocks.
The S&P/ASX 200 climbed 0.4 per cent to 6496.20 with five of the 11 index sectors in the green.
On Wall Street, the Dow Jones Industrial Average entered a bear market after falling 1.1 percent, while the S&P 500 slid 1 per cent to a fresh 2022 low and the technology-focused Nasdaq Composite slipped 0.6 per cent.
The Australian 10-year bond yield jumped to 4.09 per cent while the three-year yield rose to 3.76, the highest since 2012.
Brent crude oil fell 2.4 per cent to $US84.06 per barrel and the US Nymex slid 2.6 per cent to $US76.71 per barrel.
The Aussie dollar was near US64.95c at the close.
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