Financial Times FT.com

Australian miners spearhead advance

By Dave Shellock

Published: October 7 2009 06:52 | Last updated: October 7 2009 17:00

Gains for resources stocks helped drive most Asian equity markets higher on Wednesday following sharp spikes in gold, oil and base metals prices.

Australia spearheaded the region’s gains as Monday’s quarter-point interest rate rise boosted confidence in the country’s economic outlook. The S&P/ASX 200 index rose 2.3 per cent to 4,695.7.

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