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Miners climb as BHP jumps 1.8% NSW state sees biggest daily rise in COVID-19 cases for year (Updates to close) July 8 (Reuters) - Australian shares ended modestly higher on Thursday, supported by mining and tech stocks, although concerns over the economic impact of coronavirus-led lockdowns in the country limited gains. The S&P/ASX 200 index rose 0.2% to 7,341.4 at the close of trade. During the session, the benchmark touched its highest level since June 18. Australia’s most populous state, New South Wales (NSW), on Thursday reported its biggest daily rise in locally acquired cases of COVID-19 for the year. “Logically speaking, I would think that we’re probably going see another extension of the lockdown. I don’t think next week is the last part,” said Mathan Somasundaram, chief executive officer of Deep Data Analytics. ....
Australia shares propped up by miners, tech stocks; virus worries weigh reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
(Adds analyst comment, context) May 11 (Reuters) - Australia’s Boral Ltd on Tuesday urged its shareholders to reject a takeover offer from diversified investor Seven Group Holdings, saying that the offer of buying Boral shares at no premium was “opportunistic” and undervalued the company. Seven, whose interests range from industrial services to media companies, on Monday offered to buy all the shares it does not already own in Boral for A$6.50 per share. The offer by billionaire Kerry Stokes’ Seven Group came on the heels of a stellar 36% rally in Boral shares this year, underpinned by a hot property market and after Seven failed to increase its stake in the construction materials maker to 30%. ....