Industry News

Australia shares track Wall Street higher; Nikkei drops

Views : 333
Update time : 2021-08-04 17:22:51

Australian shares rose on Wednesday, following Wall Street's upbeat session overnight, as local miners gained on higher iron ore prices, Reuters reports.

The S&P/ASX 200 index added nearly 0.4 percent at 7,503.9 points. Elsewhere, Nikkei was down by 0.36 percent and S&P 500 E-minis futures slipped by 0.18 percent.

The S&P 500 index closed at record high on Tuesday on gains in Apple Inc and healthcare stocks.

Australia's miners gained by 1.6 percent to lead gains on the benchmark index, as iron ore prices jumped 2% on hopes of strong demand.

Leading gains, Pilbara Minerals added 4.1 percent, followed by Mineral Resources, which climbed 3.5 percent.

The country's major miners, BHP Group, Rio Tinto and Fortescue Metals, added between 1 percent and 2 percent.

Related News
Read More >>
China's primary aluminium output rises 3 per cent Y-o-Y during Jan-Feb China's primary aluminium output rises 3 per cent Y-o-Y during Jan-Feb
Mar .18.2026
China's primary aluminium output rises 3 per cent Y-o-Y during Jan-Feb
After US tariffs, aluminium price surge due to Middle East conflict causing concern to Coca-Cola After US tariffs, aluminium price surge due to Middle East conflict causing concern to Coca-Cola
Mar .18.2026
After US tariffs, aluminium price surge due to Middle East conflict causing concern to Coca-Cola
With global aluminium extrusion consumption around 35.25 MT in 2025, how are various sectors and regions performing? With global aluminium extrusion consumption around 35.25 MT in 2025, how are various sectors and regions performing?
Mar .18.2026
With global aluminium extrusion consumption around 35.25 MT in 2025, how are various sectors and regions performing?
Hindalco eyes higher aluminium exports amid Middle East supply disruptions Hindalco eyes higher aluminium exports amid Middle East supply disruptions
Mar .18.2026
Hindalco eyes higher aluminium exports amid Middle East supply disruptions