Australia Stocks rebound on bottom fishing

Australian share market rebounded from four-month low on Thursday, 10 November 2016, adding ~A$50 billion in value as investors put a positive spin on Donald Trump's surprise victory in the US presidential election. All sectors on the ASX closed sharply higher, exception being bullion and realty issues, with materials and resources, energy, banks, healthcare sectors registering the biggest gains. At the closing bell, the benchmark S&P/ASX 200 index spurted 172.40 points, or 3.34%, to 5,328.80, while the broader All Ordinaries index rebounded 170.60 points, or 3.26%, to 5,408.90.

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