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Aussie Stocks Hit 10-Year High Amid Commod Gains -- Market Talk

7 Nov 2017 5:21 am

0521 GMT - Commodities, arguably the most-important non-services portion of the Australian economy, helped drive the country's stock index through 2015's high and above 6000 for the first time since early 2008. The S&P/ASX 200 rose 1% to 6014.3, putting the start-of-November gains at 1.8 after rising a 2017-best 4% in October. Major miners BHP Billiton and Rio Tinto rose 3.9% and 2.1% to hit their best levels in 2 and 6 years, respectively. Meanwhile, oil firm Santos jumped 3.7% to its highest in 15 months and Woodside bounced 3.4%. But baby-formula maker Bellamy's skidded 6.9% in steady selling, reversing some of last month's surge to 1-year highs. (kevin.kingsbury@wsj.com; @kevinkingsbury)
 
 

(END) Dow Jones Newswires

November 07, 2017 00:21 ET (05:21 GMT)

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