Australian stock market rises, S&P/ASX 200 approaches 7,900, driven by commodity price spike and strong mining, energy sectors.
The Australian stock market is significantly higher on Monday, recovering losses from the previous session, with the S&P/ASX 200 moving towards 7,900. This growth is mainly attributed to a spike in commodity prices and mixed cues from Wall Street. Key sectors contributing to the rise are mining and energy. The broader All Ordinaries Index has also increased by 0.61%.
May 20, 2024
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