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News 2026-10-16 06:04 UTC

ASX Marks 3rd Straight Weekly Rise, Up 1%

The ASX 200 jumped 90 points, or 1.0%, to finish at 8,807 on Friday, reaching a near five-week high that snapped two days of declines. Stronger U.S. stock futures lifted sentiment as traders rotated out of major tech names into broader sectors. Locally, softer-than-expected labor data in Australia cooled bets on a near