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ASX Rises Amid Oil Surge and Rate Hopes | Perth News
Description
Australia’s stock market edged higher this week, fueled by Wall Street gains and a rally in energy shares amid rising oil prices—driven by Middle East tensions and attacks on oil infrastructure. Ampol and Woodside led the charge, while copper’s slump dragged down mining giants like BHP. Gold miners mixed, banks and consumer stocks rose, and Telix Pharma surged after US drug approval. REA Group tweaked its listing amid competition scrutiny. The Aussie dollar dipped slightly, and markets now brace for a possible RBA rate hike later this month.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://www.perthnow.com.au/news/business/australian-shares-lift-as-traders-move-past-grim-week-c-22866656
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