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ASX 200 rises; Pexa dives on Smoove update; KMD tracks new low; Airbnb's $30m fine, compo

ASX 200 has best daily close in 10 months. Pexa dives 11.8 per cent after Smoove update. Sezzle soars for no obvious reason. KMD down after weak consumer sentiment hits sales.  Airbnb to cough up $30m.

M&As action and economic optimism have fired up equity markets globally. Picture: David Moir/Bloomberg
M&As action and economic optimism have fired up equity markets globally. Picture: David Moir/Bloomberg

Welcome to the Trading Day blog for Wednesday, December 20. The ASX 200 index had its best daily close in 10 months, finishing 0.7 per cent higher at  7537.90 points on broad-based gains. 

The Aussie dollar is trading near US67.73c.

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-to-rise-dow-leads-us-rally-oil-up-on-red-sea-tensions/live-coverage/91d5997efd43449773fd7d667ab625d7