ASX revival

After four consecutive days of losses which sent the S&P/ASX200 Index down 4.3%, the benchmark index has risen as much as 2% today as investors snapped up stocks across the board.

After four consecutive days of losses which sent the S&P/ASX200 Index down 4.3%, the benchmark index has risen as much as 2% today as investors snapped up stocks across the board. All 10 sub indexes rose, with telecommunications shares notably the biggest gainers – led by Telstra which climbed as much as 2.4%.

At 1241 AEST the index had gained 59.74, or 1.3%, to 4,715.70 after rising as high as 4,749.70 before midday. The index has fallen 145 points since June 20.

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