Australia shares gain as coronavirus spread slows; NZ near 1-month high [Reuters]
Westpac Banking Corporation (WBK)
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westpac.com.au/about-westpac/investor-centre
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Source: Reuters
Australia shares gain as coronavirus spread slows; NZ near 1-month high * Australia’s benchmark index hits over 3-week high * Energy stocks gain for seventh straight session * Oil Search to raise $706 mln in share sale By Sameer Manekar April 7 (Reuters) - Australian shares rose on Tuesday, taking cues from U.S. and European equities overnight, as reports of slowing fatalities from the coronavirus outbreak raised optimism that the fight against the disease was reaching an inflection point. The S&P/ASX 200 index gained as much as 2.6% to 5,423.10, its highest in more than three weeks, and was up 1.6% by 0125 GMT. Overnight, all three major U.S. indexes clocked major gains, advancing more than 7% each, while German shares jumped 5.8% and the pan-European benchmark STOXX 600 index ending 3.7% higher. “Globally, equity markets are responding to reports of declining infection and fatality rates in Europe, and the ending of the lockdown in Wuhan,” said Michael McCarthy, chief market strateg
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