Australian miners gain as iron ore prices rise

Rio Tinto

30/09/2026 06:37

** Shares of Australian miners .AXMM rise as much as 1.3%, hitting their highest since September 24
** Subindex tracks iron ore prices, which rise after data showed China's factory activity returned to growth in September, while fresh stimulus measures from Beijing further support sentiment IRONORE/  
** AXMM down over 7% for the month and is on track for its worst month since June
** On Wednesday, BHP RIO.AX, and Fortescue FMG.AX all rise over 1% each
** YTD, index up 14%

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))