Energy stocks boost Australian shares, miners cap gains
Australian shares ended higher on Monday, boosted by energy stocks after oil prices rallied, although the gains were capped by weak mining stocks as top metals consumer China logged its slowest pace of economic growth in one-and-a-half years.
The S&P/ASX 200 settled 0.32% higher at 7,417.30. It closed 1.1% lower on Friday.
Energy stocks were the top boost to the benchmark index, climbing 1.4%, as crude prices rose amid tight supply and worries of a Russian attack on Ukraine.
Oil and gas explorers Woodside Petroleum, Beach Energy, and Santos jumped between 1.3% and 4.3%.
