Renewed stimulus hopes and a surprise extension of QE sparked another strong rally in the local market with the ASX 200 closing up 1.49%, adding to the sharp turnaround seen at the start of the week. - a podcast by ausbiz

from 2021-02-02T05:56:26

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Renewed stimulus hopes and a surprise extension of QE sparked another strong rally in the local market with the ASX 200 closing up 1.49%, adding to the sharp turnaround seen at the start of the week.

Technology-led the gains, mirroring what was seen on the NASDAQ and Wall St overnight, with Afterpay surging 7.91%. Most other sectors recorded gains of 1% including financials, as optimism grows around a continued strengthening in economic conditions. Healthcare was the laggard, in part due to a downgrade of CSL from Morgan Stanley...


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