Monday Market Madness 12th February 2018
The Australian share market turned around a weak start to the day to close higher, as bargain hunters bought stocks beaten up in Monday and Tuesday’s plunge. The benchmark S&P/ASX200 index was up 0.2 per cent at 5,890.7 points at 1630 AEDT, after falling 0.3 per cent in early trade. The Australian dollar is weaker against the US dollar, which is outperforming all major currencies as commodity prices ease. The local currency was at 78.25 US cents at 1630 AEDT, from 78.77 US cents on Wednesday. Ahead of the local open SPI futures were 104 points lower at 5,708.
