SYDNEY, Dec 18: Australian shares rose 1 percent on Thursday as an upbeat economic assessment from the Federal Reserve triggered a relief-rally in global markets that had been unnerved by Russian financial turmoil and tumbling oil prices.
The S&P/ASX 200 index added 0.95 percent or 48.94 points to 5210.80, its biggest one-day rally since Dec. 19, 2013, their biggest one-day gain since Dec. 2. New Zealand’s benchmark NZX 50 index rose 0.4 percent or 21.89 points to finish the session at 5518.48. (AGENCIES)
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