ASX 200 hits 3-month high as tech stocks leads gains; business confidence falls
Markets await key US inflation data. Elders, Rural Bank end agribusiness loan deal. Business conditions, confidence fade as consumer sentiment stays weak. China lifts Aussie beef ban for 3 abattoirs.
Welcome to the Trading Day blog for Tuesday, December 12. The ASX 200 index closes 0.5 per cent stronger at 7235.30 points on broad-based gains led by the tech sector.
The Aussie dollar, which marks 40 years since it was floated, is trading near US65.93c.
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Originally published as ASX 200 hits 3-month high as tech stocks leads gains; business confidence falls
Updates
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Shares in Bega Cheese have risen 5 per cent in a week, as UBS said better commodity prices had proved a strong tailwind for one of the country’s major milk processors.
Bensons collapse adds to construction sector gloom
High-rise apartment developer Bensons Property Group is the latest victim of the nationwide crisis dogging the construction sector, entering voluntary administration on Friday.