The S & P/Asx 200 Index was up 0.4% at 8,623.40 points, as of 0044 gmt, after Climbing 0.8% to a Record Close on Times.
Us and Chinese Officials Agreed on a Framework to Put Their Trade Truce Back on Track on Track on Track and Resolve China’s Export Restrictions on Rare-Earth Minrals and Magnets at the CONCLUSION OF TWO DAYSTES of Intenses Negotiations in London.
An Us-China Settlement would pacify investors Around the World, Calming Jitters surrounding a Potential Escalation of Trade Wars Wars Between the World’s Two Largest Economies.
Heavily Dependent on Export to China, Australian Miners Rose 0.7%, Defying Weaker Iron Ore Pries Driven by Expectations of Rising Supply.
Mining giants bhp, rio tinto and fortescue climbed 2.2%, 1%and 2.4%, respectively.
Financials were up 0.4% with the “Big Four” Banks Rising Between 0.3% and 0.5%.
Energy Stocks Advanced Nearly 2% to their Highest Point in More Than Three Months, Buoyed by Stronger Oil Price AMID Optimism That A Us-China Trade Deal COPPORT Global Economic GROWT OILL Demand.
Among Corporate News, Property Services Business John Lyng Group SURGED More than 18% after it announced a buy offer from Australian Fund Manager PARTNER PARTNERS for AnNDISCLEODESED VALNErs.
Meanwhile, Shares of Qantas Remained Largely Unchanged after Announced the decision to Close Its Singapore-BUSED BUDGET Carrier, Jetstar Asia.
New Zealand’s Benchmark S & P/NZX 50 Index Rose 0.7% to 12,647.44 points.
Fletcher building surgged Nearly 10% after the Construction Materials Mater Said it has Received Interest from Parties for its businesses, including the constructing.
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