Business
As it happened: BHP’s 4.9% bounce helps ASX close higher – The Sydney Morning Herald
The ASX 200 closed 0.7% higher, helped by commodity prices, stimulus hopes, and the prospect of a vaccine. BHP reached its highest close since January 24.
An ex-dividend Rio Tinto added 1.5 per cent to $105.50 and Fortescue Metals set a new high close of $18.57 in climbing 1.5 per cent for the day.
A strong session for the miners came after spot gold touched a new record high of $US2055 an ounce and iron ore continued its push towards $US120 per tonne.
Iron ore has been phenomenal and continues to rise, Burman Investments portfolio manager Julia Lee said.
It will be interesting to see what will happen as Brazil comes back online but because the…
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