ASX surges past one percent as unemployment hits five-year high of 4.7
Australia's ASX rose more than one percent Friday, its strongest performance in ten weeks, as unemployment data hit a five-year high of 4.7 percent, reducing November rate hike odds. WiseTech surged after ASIC cleared its founder of share trading allegations, while BHP and CSL gained ground. CleanAway fell ahead of a Swedish acquisition deadline.
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Published 16 Oct 2026, 06:14 UTC · Updated 16 Oct 2026, 06:21 UTC
Summary by OZbrief Editorial. Original report: 7 News. Editorial policy · Corrections
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