Coalition win ignites $33b ASX firecracker

The ongoing trade war between the U.S. and China is having an unmistakably negative effect on the technology sector. Numerous tech stocks have heavy Chinese exposure, whether it’s via the rare-earth materials they use in their products, manufacturing done in China or just deriving a large percentage of revenues from the country.

Australian shares soared to an 11-year high on Monday, as investors welcomed the surprise re-election of the Coalition, adding an extra $32.8 billion to the bourse. The S&P/ASX 200 Index rose 110.8.

admin May 20, 2019 Business Comments Off on Coalition win ignites $33b ASX firecracker 25 Views Commonwealth Bank shot 6.3 per cent higher to $77.40, Westpac advanced 9.2 per cent to $27.75, ANZ climbed 7.8 per cent to $27.86 and NAB added 7.9 per cent to close at $25.81.

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Coalition win ignites $33b ASX firecracker Australian shares soared to an 11-year high on Monday, as investors welcomed the surprise re-election of the Coalition , adding an extra $32.8 billion to the bourse.

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Coalition win ignites $33b ASX firecracker May 20, 2019 Business Comments Off on Coalition win ignites b asx firecracker commonwealth Bank shot 6.3 per cent higher to $77.40, Westpac advanced 9.2 per cent to $27.75, ANZ climbed 7.8 per cent to $27.86 and NAB added 7.9 per cent to close at $25.81.