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Australian shares closed marginally higher on Tuesday as the Reserve Bank of Australia (RBA) became the first central bank in a developed nation to halt tightening measures after the country's inflation levels began receding.
Shanghai stocks finished at their lowest in more than two months on Thursday, led by coal miners as Beijing stepped up efforts to tame coal prices.
Australian shares snapped a three-day rally on Thursday, with losses in mining and gold stocks dragging down the resource-heavy benchmark index amid growing concerns over a surge in coronavirus cases.
* Australia shares gain 2.1% on week, NZ down 2.2% * Miners rise 2% for day, energy stocks gain 1.7% * Broader market tracks Wall Street higher May 28 (Reuters) - Australian shares settled more than 1% higher on Friday, posting their best week in seven, as mining and energy stocks tracked an uptick in commodity prices, while strong U.S. data boosted hopes of an economic recovery and lifted sentiment globally. The benchmark S&P/ASX 200 index closed 1.2% higher at 7,179.50, a record high, and posting a weekly gain of 2.1%. Metals and mining stocks jumped 2%, adding 1.6% for the week, as iron or...
Australian shares closed flat on Thursday, as gains in mining and tech stocks eclipsed losses in gold names, while investors remained cautious ahead of key U.S. inflation data.