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ASX 200 Gains 0.8% Following China's Economic Stimulus Announcement
Mining and Energy Sectors Lead Market Recovery Amid Global Optimism
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The Australian sharemarket witnessed a positive turnaround on Monday, with the S&P/ASX 200 Index climbing 0.8%, or 64.4 points, to close at 7854.1.
This uplift was largely influenced by China's announcement of new measures aimed at stimulating consumption and economic growth.
The mining sector responded favorably to this news, anticipating increased demand for commodities. Rio Tinto's shares rose by 1.8% to $119.20, Fortescue Metals Group saw a 4.2% increase to $16.95, and BHP climbed 2.4% to $39.58. Energy stocks also benefited, with Woodside Petroleum gaining 1.9% to $22.81.
Financial analysts suggest that China's targeted approach to boosting consumption is expected to have a positive ripple effect on global markets, particularly for countries like Australia that have strong trade ties with China. Investors are advised to monitor international economic policies closely, as such developments can significantly influence market dynamics.
While the current market sentiment is optimistic, experts caution that investors should remain vigilant and consider diversifying their portfolios to navigate potential future uncertainties effectively.
Published:Thursday, 1st Jan 2026 Source: Paige Estritori
Please Note: If this information affects you, seek advice from a licensed professional.
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