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ASX up 1.1pc; SEEK confirms Zhaopin discussions – The Australian Financial Review

The ASX ended the day with a 1 per cent, or 61 point, gain to 5956.

Seek was the standout gainer of the session, rising 9.4 per cent to $21.02 after confirming that its Chinese jobs platform Zhaopin was in investment talks with a number of parties.

Earlier, tech news service The Information reported that Alibaba was in discussions to invest hundreds of millions of dollars in Zhaopin.

Heavyweights supporting the advance included CSL, up 1.4 per cent, BHP, up 1.4 per cent, and Commonwealth Bank, up 1 per cent.

Afterpay rallied 4 per cent in the tech sector, with EML Payments up 6.3 per cent, Nearmap, up 5.1 per cent, and Megaport up 3.9 per cent.

Challenger climbed 4.4 per cent after an upgrade to outperform at Credit Suisse.

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