By Reuters Staff
2 Min Read
July 13 (Reuters) - Australian shares rose on Tuesday for a second straight session, as heavyweight miners and banks advanced while strong cues from Wall Street also aided investor sentiment.
The S&P/ASX 200 index climbed 0.6% to 7,374.8 by 0100 GMT, after closing 0.8% higher on Monday.
Elsewhere, Japan’s Nikkei was up 0.9% and S&P 500 E-minis futures were relatively flat.
Miners were the top gainers on the Australian benchmark, extending gains from Monday and hitting a two-month high.
Rio Tinto Ltd and BHP Group Ltd rose 1.1% and 0.5%, respectively, while Fortescue Metals Group added 1%.
Financials gained 0.5%, with the so-called “Big Four” banks trading in positive territory. Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corp and Australia and New Zealand Banking Group added between 0.2% and 0.9%.