Investors’ first week of ASX trading for 2021 has been the best in eight weeks, as expectations of greater economic stimulus in the US helped local indices close higher on Friday.
The S&P/ASX200 benchmark index closed higher by 45.9 points, or 0.68 per cent, to 6757.9 on Friday.
The All Ordinaries closed higher by 43.7 points, or 0.63 per cent, at 7024.2.
For the week, the ASX200 gained 2.59 per cent, after investors saw the positives of the Democrats clinching two key seats in the US Senate that will give them the balance of power.
There was little investor reaction to a three-day coronavirus lockdown declared for Greater Brisbane, after a cleaner at a quarantine hotel was diagnosed with a highly contagious variant of COVID-19.
The Aussie dollar was buying 77.71 US cents at 1620 AEDT, lower from 77.91 US cents at the close of trade on Thursday.