Australia: Shares rise on mining, energy stocks; NZ hits record high

Australian shares rose on Thursday, bolstered by miners and energy stocks as prices of the commodities surged.[SYDNEY] Australian shares rose on Thursday, bolstered by miners and energy stocks as prices of the commodities surged.

The S&P/ASX 200 index ended up 43.60 points or 0.7 per cenrt to 6,327.80. The benchmark rose 0.7 per cent on Wednesday. On the downside, broader sentiment soured after the United States hit Chinese telecom giant Huawei with severe sanctions in the midst of shaky trade negotiations with China, adding to rising tensions.

BHP Group and Rio Tinto shed mid-session losses to close 0.9 per cent and 1 per cenyt higher, respectively.Amid the Sino-U.S. tension, safe-haven gold stocks tacked on 1.8 per cent. The biggest gold miner, Newcrest Mining added 2.2 per cent, while a number of smaller miners also notched solid gains.

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