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Australian property stocks jump most since March 2020 on global markets rally

ReutersApr 10, 2025 4:37 AM

Real estate stocks .AXRE jumps as much as 8.6% to 3,617.7 points; marks biggest intraday jump since the onset of COVID pandemic

AXRE moving in tandem with Australian benchmark and markets around the world as Donald Trump pauses some of his tariffs, boosting investor sentiment MKTS/GLOB

DigiCo Infrastructure REIT DGT.AX, which owns and operates data centres, up 17.2%; top pct gainer on sub-index

DGT mirrors Wall Street's overnight rally, which saw Nasdaq Composite .IXIC closing 12.2% higher .N

Another data centre landlord Goodman Group GMG.AX soars as much as 18.8% to A$30.98, highest since March 2020

AXRE last up 17.5%, outperforms S&P/ASX 200's AXJO 4.6% rise

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