Australia market ends higher as banks, miners rebound

The Australian share market closed slightly higher after recouping early losses on Wednesday, 02 September 2015, as a recovery in China stocks and a GDP-inspired boost to rate cut hopes buoyed investors. The rebound was driven by the big banks and miners. But gains were limited as investors eyeing on the ABS releases data on retail spending as well the trade (exports and imports) data for July tomorrow before taking further risk. The benchmark S&P/ASX 200 index advanced 5.10 points, or 0.1%, to 5101.50 points. The broader All Ordinaries index closed 2.30 points, or 0.04%, up at 5119.40.

Powered by Capital Market - Live News