ASX 200 closes up 0.8% after hitting three-day high
Australia's share market recovered strongly from Thursday's fall on high US CPI data. The S&P/ASX 200 closed up 0.8 per cent to 7443.
Welcome to the Trading Day blog for Friday, November 12. Australia's share market recovered strongly from Thursday's fall on high US CPI data.
The S&P/ASX 200 closed up 0.8 per cent to 7443.
The S&P/ASX 200 closed up 0.8 per cent to 7443 after hitting a three-day high of 7465.8.
Overseas, the Dow Jones Industrial Average fell 0.4 per cent, the S&P 500 gained 0.1 per cent, and the Nasdaq Composite index rose 0.5 per cent.
Iron ore rose 5.3 per cent to $US94.20 a tonne after some debt fears eased over troubled Chinese property developer China Evergrande Group.
The US Nymex crude (WTI) price gained 0.3 per cent to $US81.59 a barrel.
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