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ASX 200
The ASX 200 made a major milestone today. The index moved above the important psychological level of $6,000 as investors reacted to the positive emergence of the economy. By gaining about 40 basis points, the index outperformed its New Zealand counterpart. Shares in the big four banks rose sharply after UBS issues an upgrade on two.
ASX 200
The ASX 200 index added more than 90 points today as investors continued to cheer the ongoing recovery of the economy. This was the fourth straight day of gains for the blue-chip Australian bourse. At the same time, the ten-year government bond fund yield rose above 1% for the first time since March.