Australia: Shares track US peers higher; Fed in focus

The Business Times | Sep 16, 2020 at 2:00 AM
  • Australian shares followed their US peers higher on Wednesday, led by tech stocks, as investors awaited the Federal Reserve’s policy statement due later in the day for its view on the US economy.
  • Australia’s tech stocks climbed 2.4 per cent.
  • Among the “big four” banks, Commonwealth Bank of Australia rose 1 per cent, while Australia and New Zealand Banking Group dropped 0.3 per cent.