Aussie shares rally to rebound from losing streak

(Image: Getty)

Fri, 27 Sep 2024

The Australian share market rallied in a strong session on Thursday that made up nearly all of its losses from its three-day losing streak.The benchmark S&P/ASX200 index finished near the highs of the day, climbing 77.3 points, or 0.95%, to 8,203.7.The broader All Ordinaries gained 90 points, or 1.09%, to 8,462.8.IG market analyst Tony Sycamore said Australian shares had been propelled higher by Wednesday's cooler domestic inflation readout and a Bloomberg News report that Beijing was weighing a potential 1 trillion yuan (NZ$225.4 billi...

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