BUZZ-Aussie miners jump most in 2 weeks as iron ore climbs on China stimulus

Reuters
2024-10-14

** Australian mining stocks rise as much as 2.5% to 5862.7 points, their biggest intraday pct gain since Sept 27

** Shares of Vulcan Energy Resources and Chalice Mining top gainers in the sub-index, each up over 5%

** Iron ore futures surged on further fiscal stimulus announcements from top consumer China in a key press conference on Saturday

** AXMM stock hits highest level since Oct 8

** Top miners BHP Group , Fortescue and Rio Tinto gain between 1% and 4%, respectively

** Sub-index has fallen 10.1% YTD, including current session's moves

(Reporting by Roushni Nair in Bengaluru)

((Roushni.Nair@thomsonreuters.com;))

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