Australian Market Sharply Higher

June 20, 2022 — 09:32 pm EDT Written byRTTNews.comforRTTNews-> (RTTNews) - The Australian stock market is sharply higher on Tuesday, snapping the seven-session losing streak, with the benchmark S&P/ASX 200 moving above t

• June 20, 2022 — 09:32 pm EDT Written byRTTNews
• comforRTTNews-> (RTTNews) - The Australian stock market is sharply higher on Tuesday, snapping the seven-session losing streak, with the benchmark S&P/ASX 200 moving above the 7,500 level, following the lack of cues from Wall Street overnight due to a holiday, boosted largely by materials, energy and financial stocks as traders picked up stocks at a bargain after the recent sell-off to 19-month lows
• Traders remained cautious as they brace for further interest rate hikes after Reserve Bank of Australia Governor Philip Lowe reiterated that Australi