ASX posts biggest gains since early August

Investors have enjoyed their biggest gains on the ASX since early August despite jobs figures showing lockdown impacts on the economy.

© Mick Tsikas/AAP PHOTOS The ASX had its biggest gain for the week as jobs figures failed to dampen investors.

The market on Thursday gained more than 0.5 per cent after a broad-based rally.

Many workers in Australia have given up looking for jobs during coronavirus lockdowns in the ACT, NSW and Victoria, according to August employment figures. There were 146,000 fewer people employed.

Video: Markets ‘focused’ on the reopening of Australia (Sky News Australia)

The benchmark S&P/ASX200 index closed higher by 43.2 points, or 0.58 per cent, to 7460.2.

The All Ordinaries closed up by 36.6 points, or 0.47 per cent, to 7759.8.

The Australian dollar was buying 73.20 US cents at 1622 AEST, higher than 73.18 US cents at Wednesday’s close.

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