ASX rises 1.2pc to second best close on record; News Corp, banks, Wesfarmers, property soar
Local market gains strongly, led by News Corp, banks, Wesfarmers and property stocks. REA shares rebound after boss sets end date, posts strong half-year results. Beach Energy logs earnings jump, but shares slump. Wesfarmers rises as UBS says the Bunnings outlook is positive.
That's all from the Trading Day blog for Thursday, February 6. The ASX 200 closed up 1.2 per cent at 8520.7 points, its second best close on record, as global markets rebound after the threat of a global trade war eased.
Cryptocurrency market leader bitcoin is above $US97,000.
The Aussie dollar is trading around US62.65c.
Originally published as ASX rises 1.2pc to second best close on record; News Corp, banks, Wesfarmers, property soar
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