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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hot stock: ThaiBev shares tumble 11% in early trading after posting Q2 earningsSHARES in Thai Beverage Public Company Limited (ThaiBev) faced a heavy sell-off in the early session after posting second quarter results, where its bottom line fell 12 per cent to 5.79 billion baht (S$249.9 million). Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian stocks, yuan fall as US-China seen deadlocked in trade talksSYDNEY: U.S. stock futures fell and Asian shares slipped on Monday on growing uncertainty over whether the United States and China will be able to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »