Australian Shares Reach 2-1/2-Month High as Oil Prices Fall
The S&P/ASX 200 rose 1.1% to 9,129, its highest level since August 26, as lower oil prices boosted risk appetite. Miners and gold stocks led broad-based gains.
By Kumar TanishkAustralian shares rose to a two-and-a-half-month high on Tuesday as lower oil prices boosted risk appetite, with miners and gold stocks leading broad-based gains.The S&P/ASX 200 ASX:XJO jumped 1.1% to 9,129, its highest since August 26. However, the benchmark's relative strength ind…