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ASX 200 in best day since January; Megaport surges after earnings upgrade

Bourse snaps four-day losing streak as China looks to stimulate its struggling economy.  Megaport rockets on earnings upgrade. Westpac consumer sentiment lifts.

David Rogers, Valerina Changarathil, Hayden Johnson and Matt Bell
less than 2 min read
5:49AMJuly 11, 2023.
Updated 5:15PMJuly 11, 2023
The Australian Business Network
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Overseas and local economic updates ahead of earnings season has investors on their toes. Picture: David Swift
Overseas and local economic updates ahead of earnings season has investors on their toes. Picture: David Swift

Welcome to the Trading Day blog for Tuesday, July 11. A signal by Chinese authorities that more economic support measures are imminent saw the S&P/ASX 200 index surge 1.5 per cent to 7108.90 - its biggest one-day rise in six months.

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-to-rise-on-us-gains-threads-100m-milestone/live-coverage/5becc73189b4aa533b19ada6a7fd66b3