ASX eases from five-month peak\, still ahead 0.6% on big banks

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ASX eases from five-month peak, still ahead 0.6% on big banks

Summary

  • The ASX 200 rose by a much as 1% at Tuesday's open to a new five-month intraday peak of 6199.2. It has since eased back 
  • Afterpay surged 8% to a new record high $89.27 on a price target upgrade from Morgan Stanley. The target was lifted from $101 to $106
  • Plunging property values from the coronavirus pandemic - and tenants being unable to pay rent - has left mall owner Scentre Group with a massive $3.6b loss. Shares in the firm rose 4.7% at the open
  • Japan's Nikkei and the Korean KOSPI are up by more than 1%, while the Hang Seng is declining. US Futures were up 0.5% in the early afternoon and point to gains on Wall Street tonight 

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