Australia shares turn higher as China bounces; NZ inches up [Reuters (UK)]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
Australia shares turn higher as China bounces; NZ inches up | Reuters 3 Min Read * Aussie shares rise tracking broader Asia * Materials and financials gain most * NZ follows track to edge higher (Updates to close) By Rashmi Ashok Oct 30 (Reuters) - Australia shares reversed course to end higher on Tuesday as Chinese equities rose on fresh attempts by Beijing to stabilize its markets, though underlying sentiment remained fragile in an environment of heightened volatility in global financial markets. Broad-based gains pushed the S&P;/ASX 200 index 1.3 percent, or 76.900 points, higher to 5,805.100 at close. That extended a 1.1 percent rise for the benchmark on Monday. Earlier, China’s securities regulator said it would encourage share buybacks, mergers and acquisitions by listed firms, and would enhance market liquidity, in the latest attempt to put a floor under the country’s skidding equity markets. Moreover, Bloomberg reported that U.S President Donald Trump had predicted a “great” d
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