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Australian shares rebound from three-month low, remain on track for weekly loss
Australian shares rose on Friday, recovering from a more than three-month low hit in the previous session as banks, energy stocks and easing bond yields lifted the benchmark, although it remained on track for a fifth consecutive weekly decline. The S&P/ASX 200 index was up 0.4% at 8,647.8 points as of 0007 GMT. For the week, as markets contended with a 15-year high cash rate and softer-than-expected yet stubbornly high inflation, the benchmark index was down 0.2%. The benchmark closed 2% lower on Thursday, its lowest level since mid-June, pressured by a spike in bond yields. Australian gov...
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