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Australia ASX200 gains 0.7% on trade data

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Australian share market finished session higher on Thursday, 08 March 2018, as risk appetite buying spurred by better than expected domestic trade surplus data and news of potential exemptions for some countries from proposed US tariffs on and aluminium. Most of sectors inclined, with financials and materials being notable gainers.

The benchmark S&P/ASX200 index was up 0.7% at 5,942.9 points at the close of trade.

posted a seasonally adjusted trade surplus of surplus of A$1,055 million was posted in January following a downwardly revised trade of A$1,146 million in December (previously reported as a of $1,358 million). posted a large trade surplus in January driven by stronger exports and a decline in imports. Imports decelerated after posting the strongest annual growth rate in six years in December.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 16:10 IST