BUZZ-Australian mining stocks rise after copper prices rebound
Reuters
Feb 09
BUZZ-Australian mining stocks rise after copper prices rebound
** Australian mining stocks .AXMM rise as much as 3%, helping the broader benchmark .AXJO gain 1.5%
** Sub-index shed 6.3% in the previous two sessions of losses
** Copper snapped two straight days of losses on Friday to move back above the $13,000 level as investors bought into the dip MET/L
** BHP BHP.AX and Rio TintoRIO.AX advance as much as 2.4% and 2.9%, respectively
** Rio notches an all-time high
** YTD, AXMM up 7.5%, outperforming AXJO's 1.4% rise
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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