ASX edges higher as miners rebound after early losses
The S&P/ASX 200 finished up 0.1 per cent on Monday, with BHP and Rio Tinto among the miners recovering after last week’s sell-off tied to concerns about AI investment.
Updated
What’s new: The ASX recovered from early losses to close slightly higher, led by a rebound in major mining stocks.
The S&P/ASX 200 closed 8.9 points higher, or 0.1 per cent, at 9029.7 after trading about 0.5 per cent lower earlier in the session. The Australian Financial Review
BHP rose 2.7 per cent and Rio Tinto gained 1.6 per cent as investors bought mining stocks after last week’s falls. The Australian Financial Review
Investors remained cautious after US midterm results stoked concerns about tighter rules for AI and a possible slowdown in data-centre construction. The Australian Financial ReviewThe Age