RIO TINTO PLC
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Australia’s S&P/ASX 200 rose modestly in mid-session Wednesday, up 0.20% to 8,675.10, after reversing Tuesday’s losses, following softer-than-expected April inflation data. Gains in iron ore miners (BHP +1%+) were partly offset by declines in major banks (e.g., Westpac down >2%). The Aussie dollar was at $0.716.
Asian markets traded mostly higher Wednesday, led by South Korea and Taiwan, supported by technology stocks and easing crude oil prices. Sentiment was boosted by optimism around U.S.-Iran talks despite recent U.S. strikes and Iran’s claims of attacks on aircraft/drones. In Australia, the S&P/ASX 200 rose 0.16% to 8,671.40 after softer-than-expected April inflation (4.2%).
Australia’s S&P/ASX 200 rose 0.20% to 8,675.10 in mid-session after reversing Tuesday’s losses, helped by domestic inflation data that came in softer than expected. Iron ore miners gained (BHP up >1%), while big banks fell (NAB and ANZ ~-2% each). Annual inflation eased to 4.2% in April.
