ASX 200 Materials Index jumps 7.2%, its best day since March 2020
The S&P/ASX 200 Materials Index (XMJ) rose 7.2%, its biggest daily gain since March 2020, amid a broad risk-on rally after a Democratic sweep of the US midterm elections.
The S&P/ASX 200 Materials Index (XMJ) jumped 7.2%, its best day since March 2020, after a Democratic sweep of the US midterm elections sparked a broad risk-on rally.A one-day move of this magnitude is rare, and only comparable ones came during the pandemic, at the lows of the 2015-16 commodities do…