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ASX rises 0.7pc, buoyed by vaccine, stimulus hopes – The Australian Financial Review
The Australian sharemarket advanced on Thursday, with investor sentiment buoyed by fresh vaccine hopes and better-than-expected earnings results.
Strong gains from the major miners helped propel the local market, with iron ore prices extending their advance, buoyed by higher Chinese steel prices with demand sentiment remaining firm.
BHP Group led the market gains, rising 4.9 per cent to $39.82. Rio Tinto climbed 1.5 per cent to $105.50 and Fortescue Metals Group advanced 1.5 per cent to $18.57.
A weaker US dollar and improved investor sentiment boosted commodity prices across the board.
South32 firmed 3.8 per cent to $2.21, Western Are…
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