Australian shares rise as global markets rebound on eased U.S. tariffs
ReutersApr 10, 2025 3:50 AM
Australia's S&P/ASX 200 .AXJO soars as much as 6.3% to 7842.9 points, its biggest intraday gain since the onset of the COVID pandemic
Country's benchmark tracking rally seen in markets around the world after U.S. President Donald Trump eases some of his tariffs, healing soured investor sentiment MKTS/GLOB
Index heavyweights Miners .AXMM and Financials .AXFJ lead the boost, up 6.4% and 4.5% respectively
Top gainers include Zip co ZIP.AX (up 20.9%) , miner Sandfire Resources SFR.AX (up 16.8%)
YTD, benchmark down 5.4% YTD
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