Australian shares rallied 0.6 percent on Tuesday, supported by miners, as hopes of a compromise in the US fiscal crisis and comments from the Australian central bank that it was open to interest rate cuts boosted sentiment. The benchmark S&P/ASX 200 index ended 24.3 points higher at 4,385.7 according to the latest data. The index rose 0.6 percent on Monday.
Bellwether miners BHP Billiton Ltd and Rio Tinto climbed 1.1 percent and 1.4 percent respectively. Origin Energy jumped 3.2 percent, after media reported Royal Dutch Shell might feed its gas into other LNG projects in the area due to rising costs. New Zealand's benchmark NZX 50 index rose 0.8 percent, or 30.4 points to 3,973.
Comments
Comments are closed.