BUZZ-Australia's Macquarie gains after flagging minimal exposure to US green energy sector

Reuters

02-11

BUZZ-Australia's <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> gains after flagging minimal exposure to US green energy sector

** Shares of Macquarie Group MQG.AX up 1.8% at A$231.91

** Stock rises as much as 2.5% to A$233.510 earlier in the day, posting its biggest intraday pct gain since January 16

** Investment bank said it is minimally exposed to the U.S. green energy sector, which has been up-ended by executive orders from President Donald Trump

** Investors were concerned about the bank's exposure to renewable energy investments

** Co was referring to its two main green energy funds

** Bank reported a flat third-quarter profit

** Macquarie shares rose 20.7% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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