Aussie mining stocks eye best day in three weeks on China demand hopes

29Metals

29/09/2022 03:49

** Australia's metals and mining index  .AXMM  climbs as
much as 3.5% to eye its best session since Sept. 9, if gains
hold 
    ** Chinese rebar futures rose on fresh signs of increased
government support for the troubled property sector and stimulus
measures to shore up the ailing domestic economy.  IRONORE/ 
    ** Shares of the mining trio - Rio Tinto  RIO.AX , BHP Group
 BHP.AX , and Fortescue Metals Group  FMG.AX  climb between 2.9%
and 1.4%   
    ** 29Metals  29M.AX  is the top gainer on the index, up
11.7%  
    ** .AXMM is down ~10.4% this year, as of last close 
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))