Australia shares end at 1-month high on China trade data [Reuters]
NEWCREST MINING LTD S/ADR (NCMGY)
NASDAQ:AMEX Investor Relations:
newcrest.com.au/investors
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Source: Reuters
Australia shares end at 1-month high on China trade data * ASX, NZ hit one-month highs * Gold stocks surge on bullion gains * Newcrest Mining climbs 12.4%, sees best day in over 11 yrs * National Australia Bank gains nearly 3% (Updates to close) By Arpit Nayak April 14 (Reuters) - Australian shares closed at a one-month high on Tuesday, as better-than-expected data from its biggest trading partner China outweighed fears over the deepening economic impact from the coronavirus pandemic. The S&P/ASX 200 index ended 1.9% higher, or 100.8 points, to 5,387.3. Data showed China’s exports in March signalled a modest recovery in the world’s second-largest economy, prompting investors to look past a survey that showed domestic business and consumer sentiment falling to a record low in March. “The market is still on the hopium that massive government stimulus will save the day,” Brad Smoling, managing director at Smoling Stockbroking said. “Both supply and demand will take a very long time to he
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