Australian shares jump to two-month high, oil prices plunge | Finance Report | ABC NEWS
The Australian share market posted its strongest trading day since April.
The All Ords index jumped 2.8 per cent after a massive fall in oil prices overnight.
Investors are betting the Democratic ‘blue wave’ will constrain Donald Trump’s power and lead to a quicker end to the Iran War.
Shares of Myer surged another 13 per cent following the collapse of its rival David Jones.
NAB shares fell sharply after the bank reported a 9 per cent drop in annual profit.
Shares of Nvidia, AI chipmakers and Elon Musk’s companies Tesla and SpaceX tumbled after the Democrats’ stronger-than-expected victory in the US midterm elections.
Presented by David Chau.
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