ASX closes up 0.2%; TPG tanks; CSL down on Vifor talks

ASX 200 has closed up 0.2 per cent, following a 20-day low in midday trade, as heavyweight energy and financial stocks rose.

Australian shares are expected to rebound as this week’s volatile trading continues. Picture: NCA NewsWire / David Swift

Welcome to the Trading Day blog for Friday, December 3. The ASX has finished 0.2 per cent higher with telco stock losses offsetting gains by the miners and banks.

The S&P ASX 200 index ended 0.2 per cent higher at 7241.

The Dow Jones Industrial Average closed 1.8 per cent higher, the S&P 500 up by 1.4 per cent and tech-heavy Nasdaq rose 0.8 per cent.

Iron ore is down 3 per cent to $US98.35 per tonne. The US Nymex crude price is 1.4 per cent higher to $US66.50 a barrel.