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2022-01-13
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Australia: Shares Rise on Mining, Energy Boost; Crown Resorts soars
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This was also their fifth straight day of advances.</p><p>Nickel Mines hit a record high, up as much as 4.2 percent, as nickel prices soared on supply fears.</p><p>The energy sub-index climbed 1.5 percent to its highest level in over two months as oil prices reached two-month highs.</p><p>Coal miner Whitehaven Coal and Beach Energy were up 3.5 percent and 4 percent, lifting the sub-index further.</p><p>Gold stocks gained for a third straight day, up 0.6 percent, as bullion prices strengthened over a weaker dollar.</p><p>Heavyweight financial shares also added 0.3 percent, with banking major Australia and New Zealand Banking Group rising 0.6 percent, while National Australia Bank was up 0.7 percent.</p><p>Tech stocks, however, took a beating, losing 0.6 percent, even as its US peers gained overnight.</p><p>New Zealand's benchmark S&P/NZX 50 index rose 0.2 percent to 12,824.32 points. 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This was also their fifth straight day of advances.Nickel Mines hit a record high, up as much as 4.2 percent, as nickel prices soared on supply fears.The energy sub-index climbed 1.5 percent to its highest level in over two months as oil prices reached two-month highs.Coal miner Whitehaven Coal and Beach Energy were up 3.5 percent and 4 percent, lifting the sub-index further.Gold stocks gained for a third straight day, up 0.6 percent, as bullion prices strengthened over a weaker dollar.Heavyweight financial shares also added 0.3 percent, with banking major Australia and New Zealand Banking Group rising 0.6 percent, while National Australia Bank was up 0.7 percent.Tech stocks, however, took a beating, losing 0.6 percent, even as its US peers gained overnight.New Zealand's benchmark S&P/NZX 50 index rose 0.2 percent to 12,824.32 points. 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