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BUZZ-Australian miners rise as investors switch focus to sensitive sectors

Reuters
Apr 08, 2025
BUZZ-Australian miners rise as investors switch focus to sensitive sectors

** Australian miners .AXMM rise 2.5% to 4,941.5 points, recovering some losses from the previous session

** Sector heavyweights Rio Tinto RIO.AX and BHP Group BHP.AX rise 1.5% and 2%, respectively

** "Investors appear to be rotating out of defensives such as Woolworths WOW.AX and back into economically sensitive sectors like resources, led by BHP," says Ben Richards, an investment analyst at Seneca Financial

** Last week, investors flocked to safer bets such as consumer staples after U.S. President Donald Trump's reciprocal tariffs sparked global market turmoil

** The iron-ore miners heavy index's jump is in contrast to iron ore prices, which are down amid Sino-U.S. tensions IRONORE/

** AXMM down 5.8% so far this year

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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