Australian shares surged Thursday, driven by strong performances from miners and gold stocks, buoyed by positive Wall Street sentiment. The S&P/ASX 200 index climbed 0.7%, reaching 8,906.30 points. Miners advanced 1.9% on rising copper prices, while gold stocks hit a record high, up 2.5%, amid safe-haven demand. Banks and healthcare also contributed to the broad-based gains.
US stocks: US market ends down sharply; worries about AI trade and high oil prices weigh
Wall Street faced a sharp decline on Friday as AI-related technology stocks came under renewed pressure. Concerns regarding debt-laden AI infrastructure companies affected investor sentiment