Aussie healthcare stocks eye best day in 1-mth on stronger greenback

ResMed

08/01/2021 04:50

** Australia's healthcare sub-index  .AXHJ  climbs as much
as 1.5%, marking its best session since Dec. 9
    ** U.S.-exposed domestic healthcare stocks trade higher as
the U.S. dollar strengthens after a rise in U.S. yields
triggered some unwinding of bearish bets on the greenback  USD/ 
    ** U.S. Democrats, gaining effective control of the Senate
this week, could likely drive more healthcare spending and
support Australian healthcare firms' earnings
    ** Shares of heavyweight CSL Ltd  CSL.AX  rise 1.4%, to mark
their biggest intraday percentage gain since Dec. 15
    ** Ramsay Health Care  RHC.AX  climbs 1.8%, notching its
best day since Dec. 23
    ** Cochlear Ltd  COH.AX , Resmed Inc  RMD.AX , and Mesoblast
 MSB.AX  rise between 1% and 2%
    **  Healthcare sub-index outperforms broader benchmark
 .AXJO , which is up as much as 0.5% 

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))