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ASX finishes strongly, led by banks

ASX finishes strongly, led by banks

The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.

Companies
NEWS: Generic of the board at the Australian Stock Exchange (ASX) in Sydney. Stocks in the red.

ASX suffers $50bn wipeout on worst day in months

The ASX 200 suffered its worst day in three months, as investors dumped tech, bank and mining stocks. The Australian dollar also hit a two-year low after big falls on Wall Street following the Federal Reserve’s weak rates outlook.

Original URL: https://www.thechronicle.com.au/business/markets/page/3