ASX: Australian shares rebound slightly after sharp sell-off

(Image: Getty)

Fri, 06 Sep 2024

By Derek RoseThe Australian share market has put together a modest bounce, clawing back some of the previous day's sharp losses – although energy stocks continued their decline.The benchmark S&P/ASX200 index on Thursday finished up 31.9 points, or 0.4%, to 7,982.4, while the broader All Ordinaries gained 30.7 points, or 0.38%, to 8,187.7.A readout overnight on the US labour market helped stabilise the market, which on Wednesday plunged 1.9% after a monthly report showed continued weakness in the US manufacturing sector.The latest...

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