Australia's export-reliant healthcare stocks rise as local dollar weakens

ResMed

23/03/2021 04:07

** Australian healthcare stocks  .AXHJ  add as much as 1.3%
as the local dollar weakens
    ** The subindex hits highest since March 3 as a weaker
Aussie dollar benefits export-reliant healthcare companies that
earn in U.S. dollars 
    ** Medical devices maker Resmed Inc  RMD.AX  gains up to 4%
to be the best performer on the AXHJ, set to record its best
session in nearly two months
    ** Sonic Healthcare Ltd  SHL.AX , among top gainers on the
AXHJ, rises as much as 5.8% to see best session since Aug 20
    ** Regenerative drugs maker Mesoblast Ltd  MSB.AX  advances
as much as 3.7%, while index major CSL Ltd  CSL.AX  adds nearly
1%
    ** The subindex has lost 4.5% this year, as of last close,
vs a 2.5% gain in the benchmark S&P/ASX 200 index  .AXJO 

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))