Australian Shares Resume Upward Climb on Gains from Iron Ore Prices

Reuters reported that Australian shares rose 0.4% on Friday as mining stocks gained from a jump on the prices of iron ore. Major mining companies Rio Tinto and BHP Billiton climbed 0.8%.

As quoted in the market news:

The benchmark S&P/ASX 200 index was up 17.6 points at 4,896.4 at 2312 GMT. The index fell 0.4 percent on Thursday to break a 10-day run of gains.

Click here to read the full Reuters report.