Sept 13 (Reuters) - Australian shares rose for a fourth
straight session on Tuesday, as energy and mining stocks
extended gains on strong commodity prices, while investors
awaited U.S. inflation data that could influence the size of the
Federal Reserve's next rate hike.
The S&P/ASX 200 index had climbed 0.7% by 0014 GMT,
adding 4% in the past four sessions.
U.S. consumer price index data for August, due later in the
day, will be scrutinised for any signs regarding the number and
size of future interest rate hikes from the Fed.
Energy stocks led the gains in Australia with a 1.4%
jump and were set for their best day in more than a week if
Oil and gas majors Woodside Energy and Santos
rose 1.4% and 2.2%, respectively.
Miners climbed 0.9%, with iron ore behemoths BHP
and Rio Tinto up 0.4% and 0.8% respectively.
Technology stocks advanced 0.6%, tracking gains in
their Wall Street peers. ASX-listed shares of Block Inc
rose 0.5%, while battery materials and technology firm Novonix
climbed 6.2% to lead the gains on the sub-index.
Financials added 0.8%, with the "big four" banks
rising nearly 1% each.
Gold stocks gained 1.5% on higher bullion prices.
Newcrest Mining, the country's biggest gold miner,
In corporate news, hospital operator Ramsay Health Care
said a consortium led by private equity giant KKR & Co
Inc had written to the company to say that it would not
raise its A$14.5 billion buyout offer.
New Zealand's benchmark S&P/NZX 50 index inched
higher 0.04% to 11,815.92.
(Reporting by Navya Mittal in Bengaluru; Editing by Subhranshu