Australia: Shares end near 3-month high as investors eye recovery

The Business Times | Jun 3, 2020 at 2:00 AM
  • Australian shares closed at a near three-month high on Wednesday, boosted by energy and financial stocks, as risk appetite was whetted by prospects of an economic recovery from a coronavirus-induced recession.
  • Financials added 3.4 per cent, while oil firms climbed 3 per cent to a near three-month high.
  • The benchmark is up 30 per cent since hitting a multi-year low on March 23.