The Australian stock market closed sharply higher, extending its gains for a second day, as bargain hunters snapped up shares in BHP Billiton and Rio Tinto, two days after BHP scrapped its takeover bid for Rio. The U.S. market remained close on Thursday on account of Thanksgiving Day holiday, while the European markets finished higher overnight. The benchmark S&P/ASX 200 index closed up 154.5 points or 4.3% at 3,742.5 and the broader All Ordinaries index rose 144.6 points or 4.1% to 3672.8. On the Sydney Futures Exchange, the December share price index contract was up 168 points at 3,736.
On November 28, 2008, In Asian Market News by admin