Where there's smoke, there's fire 🔥

The local market recovered from an early wobble to close in the green, helped by a surge in Chinese equities and position squaring ahead of a key US inflation print.

Healthcare led the turnaround with a gain of 1.7%, driven by buying in CSL after it announced a new plasma collection system to boost immunoglobulin sales. It rose 2.5% Financials were the laggard, hit by NAB trading ex-dividend and lower rate environment. Lifestyle Communities topped the individual leader board following its trading update on Tuesday, lifting 16.1%. In contrast, Link Administration plunged 15.1% despite reassuring investors it had no new information relating to its takeover by Dye and Durham. But where there’s smoke there’s fire. The S&P/ASX 200 rose 13.5 points, or 0.2%, to finish at 7064.7.

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