LIVE
ASX closed up 0.4% after solid week; Afterpay bid 'fair'
Australia's sharemarket rose at the end of a solid week in which investors shrugged off concerns over upward pressure on interest rates. The S&P/ASX 200 closed up 0.4 per cent.
Welcome to the Trading Day blog for Friday, November 5. ASX closed 0.4 per cent up after record highs on Wall St. Afterpay takeover offer has been deemed 'fair and reasonable', Link has a $2.8bn offer from Carlyle.
ASX 200 index closed up 0.4 per cent to 7456.90.
The Dow Jones fell 0.1 per cent while the S&P 500 rose 0.4 per cent and the tech-focused Nasdaq Composite gained 0.8 per cent, both indexes at record highs.
US Nymex crude price (WTI) fell 2.5 per cent to $US78.81 a barrel.
More Coverage
Originally published as ASX closed up 0.4% after solid week; Afterpay bid 'fair'
Join the conversation
Roberts Co founder given time for rescue plan as debts hit $272m
A court has a granted a two-month extension for tycoon Andrew Roberts to prepare a rescue plan for the collapsed Victorian arm of his construction company, as the amount owed to creditors hits $272m.
Read more
Coffee king’s ‘epic’ 50th birthday blow out
A man whose coffee has kept Australians charged up for years has had an ‘epic and memorable’ 50th birthday blow out in New Zealand.
Read more