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Trading Day: ASX hits 3-week high

The ASX surged to a three-week high and banks rose as a drop in bond yields boosted growth stocks and bond proxies.

Oil and iron ore prices fell overnight. Picture: NCA NewsWire / Christian Gilles
Oil and iron ore prices fell overnight. Picture: NCA NewsWire / Christian Gilles

The ASX surged to a three-week high and banks rose as a drop in bond yields boosted growth stocks and bond proxies.

The S&P/ASX 200 closed up 54 points or 0.8%at 6858.9 after rising as much as 1.3% to 6858.9 intraday.

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Original URL: https://www.theaustralian.com.au/business/trading-day/trading-day-spasx-200-expected-to-gain-despite-lower-oil-iron-ore/live-coverage/9149f779615337ea9bdc959b16ec3ce1