closing bell
Closing Bell 20th August: Yancoal falls as it hoards cash. XJO higher and trades around 8000
Australian shares have risen close to the 8000-point mark as the earlier sell-off this month continues to unwind, driven by gains in US markets overnight. The S&P/ASX 200 is up 17 points, or 0.2%, at 7997.5, briefly surpassing 8000 points for the first time since the early-month drop. Mining stocks led the charge, buoyed by a rebound in iron ore prices to nearly $US95 per tonne.
Jonathan Tacadena
August 20, 2024
