Nov 23 (Reuters) - Australian shares rose on Tuesday, led by
miners and energy stocks, as Woodside Petroleum and BHP Group
jumped after giving green light to their $12 billion Scarborough
The S&P/ASX 200 index rose 0.6% to 7393 by 0018 GMT.
Woodside Petroleum and BHP Group were
among top boosts to the benchmark, rising over 3% each, after
they gave their final go-aheads to develop the Scarborough gas
field off Western Australia and expand the Pluto liquefied
natural gas (LNG) plant.
The country's energy index rose 1.7%, tracking its
best day in more than a week, after oil prices rebounded from
recent losses on reports that OPEC+ could adjust plans to raise
oil production if large consuming countries release crude from
Sector heavyweights Oil Search and Santos Ltd
jumped 1% and 1.9%, respectively.
Miners were also up 1.9% to their highest level
since September and set for their fourth straight session of
Iron prices rose more than 4%, sending heavyweights Rio
Tinto and Fortescue up by 3% and 5.8%,
Bucking the trend, tech index dropped 3.5%, with
buy-now-pay-later giant Afterpay plunging more than 5%
to its lowest since July 30.
Australia's gold stocks also dropped 2.5% after the
bullion eased to hover near a two week low, weighed down by a
firmer dollar and expectations that rising inflation might push
the Federal Reserve to accelerate its monetary policy
Gold miners Wiluna Mining Corp, Silver Lake
Resources and West African Resources were
among the top losers, with sector heavyweight Newcrest Mining
New Zealand's benchmark S&P/NZX 50 index rose 0.4%
(Reporting by Indranil Sarkar in Bengaluru; Editing by Rashmi