ASX 200 climbs as mining, oil stocks rally; $A slips after Hamas’ Israel attack

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ASX 200 climbs as mining, oil stocks rally; $A slips after Hamas’ Israel attack
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The sharemarket climbed as energy and gold stocks rallied; $A slips as investors pile into the greenback; Wall Street shrugs off robust US jobs figures. Follow here for more.

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Chinese stocks fell as traders returned from the Golden Week holidays, with tourism data trailing some expectations and global uncertainties denting sentiment. The CSI 300 Index dropped as much as 1.1 per cent on Monday, its first trading session in more than a week. Much has happened overseas while the mainland market was shut, with a Treasuries selloff roiling world markets and oil surging following Hamas’ surprise attacks on Israel over the weekend.

Manufacturing and services data released during the break suggest the broader economy is far from roaring back, with the property market crisis showing little signs of abating. “It’s sort of tricky to call at this point because the external environment has been very complicated,” Hao Hong, chief economist at Grow Investment Group, said in a Bloomberg TV interview. “There are pluses and minuses, so for a trader, he or she may find it a little difficult to trade the overall index.

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