BUZZ-Australia's Macquarie rises on 'very little' exposure to Trump's green energy crackdown

Reuters
02-12
BUZZ-Australia's <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> rises on 'very little' exposure to Trump's green energy crackdown

** Shares of Macquarie Group MQG.AX extend gains to rise 1.7% to A$235.49, touching their highest levels since February 5

** The financial conglomerate says it expects "very little" exposure in U.S. President Donald Trump's green energy war

** Trump signed a series of executive orders to ban or freeze government benefits for sustainable energy investments in the United State, which makes a third of the bank's profits

** "Despite limited new news on green platforms, Macquarie saw the benefit of better performance fees, investment income and volume growth," Brokerage Citi says

** Stock up 6.2% this year, including the day's move

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com;))

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