Australian shares rise on mining, energy boost; Rio Tinto slips
Oct 15 (Reuters) - Australian shares rose on Friday for a second straight session, helped by gains in mining and energy stocks on strong underlying commodity prices, while Rio Tinto slipped after cutting its 2021 iron ore shipments forecast.
The S&P/ASX 200 index .AXJO advanced 0.51% to 7,349.1 by 0031 GMT and was on track for a second straight weekly gain.
Miners .AXMM rose 1.33% after zinc prices jumped to a 14-year high overnight and copper, nickel and gold prices advanced.
BHP Group BHP.AX climbed 2.7% after securing 83% support for a climate change roadmap, a much stronger outcome than predicted, while Fortescue Metals FMG.AX rose 2.3%.
Rio Tinto RIO.AX skidded up to 1.2% after downgrading its annual iron ore shipments forecast as a tighter labour market in Western Australia delayed the completion of a new greenfield mine.
Carrier Qantas Airways QAN.AX rose up to 4.3% after agreeing an A$802 million ($595 million) deal to sell land near Sydney Airport to a consortium led by LOGOS Property Group to reduce debt.
Energy stocks .AXEJ rose 1.1%, tracking crude oil prices which rose 1% overnight after top oil producer Saudi Arabia dismissed calls for additional OPEC+ supply and the International Energy Agency said surging natural gas prices could boost demand for oil among power generators.
Heavyweight Whitehaven Coal Ltd WHC.AX and Beach Energy Ltd BPT.AX led the gains on the sub-index, climbing 2.17% and 1.4% respectively.
Insurer Insurance Australia Group IAG.AX fell as much as 3.5% after the securities regulator launched a civil penalty proceedings against a unit over its failure to pass on discounts worth A$60 million to nearly 600,000 customers.
New Zealand's benchmark S&P/NZX 50 index .NZ50 slipped 0.07% to 13,038.8. Elsewhere, S&P 500 E-minis futures EScv1 were up 0.05%. ($1 = 1.3495 Australian dollars)
Reporting by Riya Sharma in Bengaluru; Editing by Subhranshu Sahu
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。