Australian shares rise led by IT, financials; NZ up nearly 1% [Reuters (UK)]
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Source: Reuters
Australian shares rise led by IT, financials; NZ up nearly 1% - Reuters 3 Min Read * Information Technology index up as much as 1.8% * Gold stocks mark third straight session of gains * Beach Energy hits lowest level in over 5 months Feb 11 (Reuters) - Australian shares rose up to half a percent on Tuesday as technology stocks took a cue from their Wall Street peers amid worries about the growth impact from the coronavirus outbreak on China. The S&P/ASX 200 index rose 0.5% to 7,049.5 by 2350 GMT, with financials and industrial sectors contributing most of the gains. Overnight, all three major U.S. stock averages advanced in a broad-based rally, with the S&P 500 and the Nasdaq closing at record highs, boosted by Amazon.com, Microsoft Corp and Alphabet Inc. “Gains in the information technology stocks mimic what we saw in the U.S. tech stocks overnight,” Michael McCarthy, chief market strategist at CMC Markets said. U.S. investors seem to be increasingly isolated in their optimism surrou
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