* Most sub-indexes rise
* ASX 200 up for third straight day
* Miners, banks lead gains
* NZX 50 hits over 3-week high
Sept 12 (Reuters) - Australian shares on Monday closed at
their highest in more than a week, lifted by miners and banking
stocks, with investors awaiting a critical reading on U.S.
inflation due on Tuesday.
The S&P/ASX 200 index ended 1% higher at 6,964.50
points. The benchmark also marked a rise for a third consecutive
"There's a general consensus that the ASX is looking more
attractive," said Brad Smoling, managing director at Smoling
"We should have a reasonable sort of rally this week on the
Global markets are eyeing U.S. consumer prices report for
August for any signs of cooling in inflation, which could impact
the Federal Reserve's aggressive policy tightening path.
Australia's unemployment rate for August is also on
investors' radar, with data for it scheduled to be released
later this week.
The metals and mining index led gains, climbing 2.2%
to hit a more than one-week high. Iron ore futures rose to
two-week highs last week.
Heavyweights BHP Group, Rio Tinto and
Fortescue Metals rose between 1.8% and 3.5%.
Financials advanced 1.1%, with the country's four
largest lenders rising between 0.5% and 1.4%. Westpac
joined the other three "Big Four" banks and raised its variable
home loan interest rates by 50 basis points.
Technology stocks gained 1.5% as they tracked Wall
Street's rally on Friday. ASX-listed shares of Block
ended 4.9% higher, while Computershare and Xero
advanced 1.8% and 0.9%, respectively.
An overnight uptick in bullion prices also supported gold
stocks, adding 0.3% to hit a two-week high. Newcrest
Mining and Northern Star Resources rose 0.5%
and 0.1%, respectively.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50
closed 0.5% higher at 11,813.21 points, hitting an over
three-week high. Dairy firm a2 Milk rose 2.9% and was
among the top gainers.
(Reporting by Upasana Singh in Bengaluru; editing by