Australian shares rebound after volatile trading week
The Australian share market recovered with a 0.75 per cent gain after its largest decline in seven months, capping a volatile week that saw the Reserve Bank raise interest rates, softer inflation data emerge, and over $12 billion in dividends paid to investors. Australian property prices have fallen for six consecutive months, while tech stocks performed strongly with Data#3 reaching an all-time high and Megaport securing three AI contracts worth nearly $1 billion. The Australian dollar weakened to approximately 69.3 US cents. This market update is sponsored by CommSec.
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