Thanks afternoon crew.
End-of-day summary:
The share market logged its biggest rise in almost three weeks after hopes of a rates pause boosted Wall Street overnight.
The ASX 200 bounced 35 points or 0.51% off yesterday's 11-month closing low. The rally broke a three-session losing run and brought temporary relief from a sharp downtrend that by yesterday's close had knocked more than 400 points off the index since mid-September.
The beleaguered property sector led the rebound, rising 2.16%. Also notably strong were gold miners, tech stocks, telcos and supermarkets. The energy sector dragged following a shock 5.6% reversal in crude prices overnight. Lithium miners fell after JPMorgan cut its price outlook for the commodity, citing the prospect of oversupply.
Asian markets rebounded. The Asia Dow gained 1.28%, Japan's Nikkei 225 index 1.76% and Hong Kong's Hang Seng index 0.76%.
US stocks rose overnight as energy prices and treasury yields retreated, easing pressure on the Federal Reserve to keep hiking official rates. The S&P 500 gained 0.81%.
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- Day traders' after-market lounge October 5
Day traders' after-market lounge October 5
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