Aug 25 (Reuters) - Australia shares rose on Wednesday, as
energy firms and miners rallied on improving commodity prices,
while a slew of upbeat annual results in the final week of the
domestic corporate earnings season lifted investors' risk
The S&P/ASX 200 index was up 0.41% at 7,533.5
points, as of 0114 GMT. The benchmark closed 0.2% higher at
7,503 points on Tuesday.
Major miners rose 1.9% tracking iron ore prices,
which jumped more than 6% overnight as easing worries over the
COVID-19 outbreak in China helped calm nerves after several days
of sell-offs driven by demand concerns.
Rising COVID-19 infections caused by the highly contagious
Delta variant have fuelled concerns about the recovery from the
pandemic. But markets have largely overlooked that this week.
Sector heavyweights - BHP Group and Fortescue
Metals advanced between 1.1% and 4.3% while miner
Champion Iron Ltd led gains on the sub-index with a
Aurelia Metals Ltd climbed up to 5.3% after the
gold and base metals explorer reported a 31% jump in its annual
net profit after income tax.
Energy stocks rose 1.3%, tracking a 3% overnight
jump in global oil prices, which were lifted by reports that
Mexico suffered a large fire-related production outage.
Fuel supplier Viva Energy Group Ltd led gains on
the sub-index, advancing 3.84%, followed by Ampol Ltd
Global logistics software maker Wisetech Global was
the top gainer on the local bourse, surging 29.8% to hit a
record high on delivering 18% revenue growth for the year and
meeting the top end of its forecast range.
Animal nutrition solutions provider Ridley Corporation
climbed as much as 12.3% on restoring its final
dividend after rebounding from a loss a year earlier.
New Zealand's benchmark S&P/NZX 50 index was up
0.59% at 13,149.6 points.
Elsewhere, Japan's Nikkei was up 0.28% at 27811.1
points, while S&P 500 E-minis futures were down 0.01%.
(Reporting by Riya Sharma in Bengaluru, Editing by Sherry