ASX200 rallies 1.1 per cent on broad gains; travel and tech bounce
The ASX 200 index leaps on broad-based gains across sectors. Magellan higher on share buyback. Corporate Travel leads travel rally and Uniti may have more suitors.
Welcome to the Trading Day blog for Wednesday, March 16. ASX 200 rebounds from losses on Tuesday with a broad-based rally led by the tech sector.
The benchmark S&P/ASX 200 index ended 1.1 per cent or 77.75 points higher to 7175.20 after falling by 0.7 per cent on Tuesday.
The Dow Jones index closed 1.8 per cent higher, the S&P 500 index lifted 2.1 per cent and the Nasdaq index rose 2.9 per cent.
Oil prices are below the $US100 per barrel mark with Brent crude 6.6 per cent weaker at $US99.91 and West Texas Intermediate also fell 6.6 per cent to $US96.44.
Spot gold is 1 per cent weaker at $US1916 an ounce at the US close.
Iron ore is down 6.5 per cent to $US135.55 per tonne.
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