ASX 200 rises 0.5% at close; financials lift Australia shares to all-time high for third day on GDP data boost

2021-06-04 14:19:32

Australian shares hit a record high on Friday for a third straight session, as banking stocks extended a rally following the country’s better-than-expected economic growth data released earlier this week.

The S&P/ASX 200 ended 0.5 per cent higher at 7,295.4 after hitting a record 7,300 mark earlier. The benchmark posted a 1.6 per cent weekly gain.

Financials extended gains and hit their highest since Nov. 10, 2017, as forecast-beating first-quarter gross domestic product data and accomodative monetary policy

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