{"id":460421,"date":"2022-01-05T10:26:37","date_gmt":"2022-01-05T04:56:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=460421"},"modified":"2022-01-05T12:13:03","modified_gmt":"2022-01-05T06:43:03","slug":"energy-mining-stocks-boost-australia-shares-to-4-month-high","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/energy-mining-stocks-boost-australia-shares-to-4-month-high\/","title":{"rendered":"Energy, mining stocks boost Australia shares to 4-month high"},"content":{"rendered":"<p>Australia shares jumped 2% on the first trading day of the year on Tuesday, notching their best intraday session in 15 months, as a surge in commodity prices lifted heavyweight energy and mining sectors.<\/p>\n<p>The S&amp;P\/ASX 200 index closed higher at 7,589.8 on Tuesday, their strongest closing level since mid-August. The benchmark climbed 13% in 2021.<\/p>\n<p>Investors appeared to show scant response to reports of local COVID-19 infections hitting a record high and hospitalisations rising due to the Omicron coronavirus variant, with the Australian government remaining headstrong in its decision to reopen the economy.<\/p>\n<p>Mining stocks, which comprise more than a third of the benchmark, rose 2.2% to hit a four-month high on strong iron ore prices. Shares of BHP Group climbed 2.1% and Fortescue rose 3.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia shares jumped 2% on the first trading day of the year on Tuesday, notching their best intraday session in 15 months, as a surge in commodity prices lifted heavyweight energy and mining sectors. The S&amp;P\/ASX 200 index closed higher at 7,589.8 on Tuesday, their strongest closing level since mid-August. The benchmark climbed 13% in 2021. Investors appeared to show scant response to reports of local COVID-19 infections hitting a record high and hospitalisations rising due to the Omicron coronavirus variant, with the Australian government remaining headstrong in its decision to reopen the economy. Mining stocks, which comprise more than [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-460421","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/460421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=460421"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/460421\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=460421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=460421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=460421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}