ASX 200 falls 2.9pc for February; Harvey Norman hit by lower sales; Adbri scraps dividend
Gold miners lead broad gains. Harvey Norman tumbles on sales hit. Adbri confirms Irwin as CEO. Retail sales rise more than expected. Rex fails to post profit.
Welcome to the Trading Day blog for Tuesday, February 28. The Australian sharemarket has rebounded from a seven-week low on strong gains by materials and energy stocks.
The S&P/ASX 200 index was up by 0.5 per cent to 7258.80 at 2.04pm AEDT.
Wall Street rebounded from sharp falls last week as the Nasdaq lifted 0.6 per cent, the S&P 500 firmed 0.3 per cent and the Dow Jones added 0.2 per cent.
The dollar was trading around US67.25c at the close.
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