It follows an overnight surge across global markets, as bargain-hunting investors piled into the sectors hardest-hit by the coronavirus recession, like banking, energy and travel.The Australian dollar had risen to 70.73 US cents as the greenback weakened."We're seeing a bit of a relief rally," said Jonathan Bell, chief investment officer at Stanhope Capital.
Hotels, banks and airline stocks all gained more than the broad market, including Delta Air Lines and Bank of America .In oil markets, Brent crude oil futures rose to $US42.45 a barrel.
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