08252016Thu
Last update: Thu, 25 Aug 2016 11am

Australia

Markets - Equity - Australia

Australia shares rise to highest in over 6 months; NZ climbs SYDNEY: Australian shares jumped more than 2 percent on Tuesday, to their highest in more than six months, as investors cheered a quarter-point rate cut by the central bank. ANZ Banking Group was the top performer on the index, up more than 5 percent, despite posting the steepest drop in cash earnings since 2008 as investors welcomed moves to focus on growth and protect capital.The S&P/ASX 200 index climbed 110.83 points to 5,353.80 at the close of trade. It hit an intra-day high of 5,357 points in late afternoon trading, its highest since October 2015. The benchmark fell 0.18 percent on Monday.New Zealand's benchmark S&P/NZX 50 index ended up 0.75 percent, or 51.2 points, to finish the session at 6,843.01.Copyright Reuters, 2016 ...

Markets - Equity - Australia

Australia, NZ shares slip after Westpac profit miss MELBOURNE: Australian and New Zealand shares fell on Monday, hurt by the big banks after a rise in bad debts marred no.3 lender Westpac Banking Corp's half-year results, but gains in Telstra and miners helped trim the market's losses. Australia's S&P/ASX 200 index closed down 9.22 points, or 0.2 percent, at 5,243.00, after being more than 1 percent lower around midday.In New Zealand, where Westpac and Australia and New Zealand Banking Group were the worst ...

Markets - Equity - Australia

Australia shares drop on broad-based losses, NZ also loses ground SYDNEY: Australian shares ended 0.7 percent lower on Friday led by an across-the-board selloff and as investors locked in profit from a recent bounce ahead of a long weekend. The S&P/ASX 200 index fell 36.31 points to 5,236.4 at the close of trade. The benchmark, which rose the past three days, ended up 1.53 percent for the week. It rose 4.5 percent the previous week.New Zealand's benchmark S&P/NZX 50 index slipped 0.6 percent or 39.99 ...

Markets - Equity - Australia

Australia shares surge on commodities bounce, NZ hits new high SYDNEY: Australian shares hit their highest close in three-and-a-half months on Thursday as surging prices for oil and iron ore lifted major mining and energy companies, while New Zealand shares edged up to a fresh record. The S&P/ASX 200 index rose 56.7 points, or 1.1 percent, to 5,272.7 at the close of trade, its third day of gains in a row.New Zealand's benchmark S&P/NZX 50 index added 4.8 points, or 0.1 percent, to finish the ...

Markets - Equity - Australia

Australia shares slide on Qantas profit warning, resources; NZ hits record SYDNEY: Australian shares slipped on Monday, hurt by a profit warning from Qantas as well as sliding mining and energy stocks after talks by oil exporters on freezing output collapsed, while New Zealand stocks hit a new record. The S&P/ASX 200 index fell 20.4 points, or 0.4 percent, to 5,137.1 at the close of trade. After falling 2 percent in calendar 2015, the benchmark has struggled to make back ground, down another 3 percent so ...

Markets - Equity - Australia

Australia shares climb with commodities, NZ follows SYDNEY/WELLINGTON: Australian shares rose for a third straight session on Thursday as gains in key commodities such as iron ore and a strong finish on Wall Street helped calm recent jitters.The S&P/ASX 200 index rose 0.9 percent, or 45.45 points, to 5,100.1.That brought gains in the past three sessions to 3.4 percent and took the index to its highest since March 24.Miners led the rally, helped by another hefty rise in iron ore prices. The ...

Markets - Equity - Australia

Asia shares extend rally on China trade relief SYDNEY: Asian share markets extended early gains on Wednesday after upbeat Chinese trade data offered hope the economy was stabilising, underpinning both risk sentiment and commodity prices. China reported exports rose 18.7 percent in yuan terms in March, compared to a year earlier, while imports dipped only a slight 1.7 percent.That was a huge improvement on February, even though data at this time of year tends to be distorted by the new year holidays. The ...