The S&P/ASX200 closed higher Tuesday, gaining 26 points or 0.4% to 7,274 after crashing early to a new 50-day low
The S&P/ASX200 closed higher Tuesday, gaining 26 points or 0.4% to 7,274 after crashing early to a new 50-day low. The miners led the rebound, but yielded late in the day to the energy, consumer discretionary and IT sectors which all rose in afternoon business. Concerns around a US debt default and potential fallout from the ruination of Chinese property giant Evergrande were magnified by the vacuum of a Chinese market holiday. Hong Kong's Hang Seng, smacked 3.5%. At home, Ausnet (AST) liking the takeover attention, up 10.7%, APA Group (APA) really not liking the takeover attention, down 5.5%. But on the whole it must be said: "...done good, played strong!"
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