Synopsis
The S&P/ASX 200 settled 0.5 per cent higher at 7,058.6, its best finish since Feb. 21 last year. Mining and energy stocks led the rebound from a 0.5 per cent drop in early trade.
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Mining stocks stood out, taking cues from Chinese coke futures that hit a near six-week high on Wednesday after some major coking plants sought to raise spot prices.
Australian shares reclaimed lost ground on Thursday to close at their highest level in nearly 14 months, as employment data cemented confidence that the economy recovery was in full swing.
The S&P/ASX 200 settled 0.5 per cent higher at 7,058.6, its best finish since Feb. 21 last year. Mining and energy stocks led the rebound from a 0.5 per cent drop in early trade.