Australia shares end higher on commodity boost, economic rebound bets
The S&P/ASX 200 index rose 0.91% to 6868.9 on the shut of commerce.
Miners closed 1.91% higher, with copper costs at their peak in additional than eight years. Global miner Rio Tinto Ltd gained 1.8% whereas rival BHP Ltd superior 2.3%.
Energy shares additionally gained as oil costs hit their highest in additional than a 12 months amid fears of heightened tensions within the Middle East.
Nearmap noticed its finest session since July 10, 2018, after the aerial mapping agency rejected a short-seller report claiming it had misled markets about its development within the United States, and reported narrower half-year losses from a 12 months in the past.
Electronics retailer JB Hi-Fi jumped to see its finest day in a month after posting an 86% surge in first-half revenue, pushed by on-line gross sales, whereas Bendigo and Adelaide Bank Ltd gained 11.3% on logging a 67% climb in half-year revenue.
Investors additionally stored a watch on recent COVID-19 instances at house after Victoria went right into a five-day lockdown final week following the emergence of a recent COVID-19 cluster in Melbourne.
“Since we have not seen a massive jump in (COVID-19) case numbers in Victoria, there is some optimism that the lockdown will be lifted soon,” mentioned Henry Jennings, senior analyst at Marcustoday Financial Newsletter.
New Zealand’s benchmark S&P/NZX 50 index slipped 0.63% to complete the session down at 12,510.56 factors, its lowest in almost three months.
The nation’s journey and leisure shares posted losses after the nation’s largest metropolis Auckland introduced a three-day lockdown on Sunday, following the emergence of three COVID-19 instances.
