The prudential regulator says banks should cut serviceability buffers only in “limited” and “exceptional” circumstances, given the potential impact on the financial system if they lower lending standards and unemployment worsens.

Nickel Industries was the best performing stock, it surged 13.3 per cent 98¢. The iron ore miner also announced that has appointed former chief executive Elizabeth Gaines as executive director. Fortescue Metals was up 1.4 per cent to $20.79. Miners rallied as iron ore futures traded higher during the late afternoon on the Singapore exchange, up 0.7 per cent to $US112.60 a tonne on the June contract.īHP Group shares rallied 1.3 per cent to $44.72 a share. WiseTech shares jumped 2.6 per cent to $75.88. and Advanced Micro Devices recorded big gains that fuelled a 1.3 per cent rise to the tech-heavy Nasdaq 100 on Thursday. The sector rallied 1.6 per cent after chipmakers Nvidia Corp. The benchmark S&P/ASX 200 rose 0.3 per cent, or 22.8 points to 7122.5 at market close on Friday, buoyed by a rally in technology and mining stocks.įive out of 11 sectors were in the green with technology stocks recording the most gains. The Australian sharemarket finished higher for the last trading session of the week, taking a positive lead from Wall Street overnight when the S&P 500 entered a bull market after rallying 20 per cent from its October 12 low.

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