Australian property stocks jump most since March 2020 on global markets rally

Goodman

10/04/2025 05:37

** Real estate stocks .AXRE jumps as much as 8.6% to 3,617.7 points; marks biggest intraday jump since the onset of COVID pandemic

** AXRE moving in tandem with Australian benchmark and markets around the world as Donald Trump pauses some of his tariffs, boosting investor sentiment MKTS/GLOB

** DigiCo Infrastructure REIT DGT.AX, which owns and operates data centres, up 17.2%; top pct gainer on sub-index

** DGT mirrors Wall Street's overnight rally, which saw Nasdaq Composite .IXIC closing 12.2% higher .N

** Another data centre landlord Goodman Group GMG.AX soars as much as 18.8% to A$30.98, highest since March 2020

** AXRE last up 17.5%, outperforms S&P/ASX 200's AXJO 4.6% rise

 (Reporting by Nichiket Sunil in Bengaluru)

 ((nichiket.sunil@thomsonreuters.com))