Australia stocks surge on bargain hunting

Last Updated : Nov 17 2015 | 12:47 PM IST

The Australian share market rebounded strongly on Tuesday, 17 November 2015, as investors chased for bottom fishing across the board, following a surge on Wall Street overnight and amid a slew of upbeat assessments of the local economy. All ten sectors gained ground, with energy and financial stocks being major gainers. The benchmark S&P/ASX 200 index ended 114.40 points, or 2.29%, higher at 5118.20 points, while the broader All Ordinaries index surged 109.80 points, or 2.17%, to 5174.30 points.

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Australia stocks surge on bargain hunting