ASX opens higher as miners rise; oil edges up
The Australian sharemarket rose on Monday, driven by gains in the mining and banking sectors. While mining stocks benefited from rebounding metal prices, oil-related stocks saw declines amid ongoing Middle Eastern supply risks.
Why it matters
Market performance in Australia often reflects global investor sentiment regarding commodity demand and banking stability ahead of US earnings reports.
— 4:59pm , first published October 12, 2026 — 5:24am
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Share A A A Australia’s sharemarket has started the week higher after banks rallied in anticipation of US earnings season, while rebounding metals prices supported mining stocks.
The S&P/ASX 200 rose 66.6 points on Monday, up 0.76 per cent, to 8783.2, as the broader All Ordinaries gained 59.3 points, or 0.67 per cent, to 8937.
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