The ASX rallied when Scott Morrison was named as the next Australian PM

Photo: Scott Morrison/ Facebook.

The Australian share market picked up on the news of a new prime minister of Australia, Scott Morrison.

The ASX200 index jumped 22 points to around 6238.

A short time ago, the index was at 6,262.40, up 18.00 points or 0.29%.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.