Business
Australian shares start Monday on a high, as iron ore price continues to surge – ABC News
Australians shares start the week on a high, as iron ore prices hit an almost eight-year record, while e-commerce retailer Kogan is slapped with another fine for…
Australians shares have started the week on a high, as iron ore prices hit an almost eight-year record.
By 1:00pm AEDT, the benchmark ASX 200 had risen (+0.5pc) to 6,664 points.
In context, the market has surged by more than 12 per cent in the past five weeks, driven by COVID vaccine optimism. It closed last Friday on a high for the fifth week in a row.
The All Ordinaries was also trading 0.5 per cent higher at 6,901.
Iron ore prices continued to surge (+5.8pc) above $US145 a tonne, driven by strong…
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