ASX 200 ends higher; Fortescue hits six-month high on China Covid-19 relaxation, IGO dives on Nova fire
Shares end higher as materials and energy rally on China reopening bets; dollar hits three-month high, Elders dives on UBS cut, Swyftx sacks staff and IGO slumps on fire.
Welcome to the Trading Day blog for Monday, December 5. The Australian sharemarket advanced on Monday as materials and energy stocks rallied amid a further relaxation of Covid-19 restrictions in China.
The S&P/ASX 200 index rose 24.10 points, or 0.3 per cent, to 7325.60.
The dollar is near US68.40c at the close.
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