Australia shares touch record high, Ampol top loser on benchmark
Oct 15 (Reuters) -Australian shares touched a record high on Tuesday, reflecting broad gains among heavyweight miners on rising iron ore prices, while top fuel retailer Ampol ALD.AX emerged as the top loser after lower production print.
The S&P/ASX 200 index .AXJO rose 0.6% to 8,305.5 points by 2329 GMT after touching a record high of 8,307.2 points. The benchmark rose 0.5% on Monday.
Ampol ALD.AX, the top loser on the benchmark, fell as much as 5% to its lowest level since mid-January 2023, after recording a 42% drop in third-quarter output from its Lytton refinery in Queensland.
Mining stocks .AXMM advanced 1% with iron ore prices surging on renewed prospects of further fiscal stimulus from top consumer China. IRONORE/
Mining giants BHP Group BHP.AX, Fortescue FMG.AX and Rio Tinto RIO.AX rose between 0.9% and 1.3%, respectively.
Financials .AXFJ followed with a gain of 0.8%, climbing to a near three-week high with the "Big Four" banks adding between 0.7% and 1.2%.
Tracking Wall Street, tech stocks .AXIJ advanced 0.5% with Xero XRO.AX rising 0.3% and WiseTech Global WTC.AX gaining 0.5%.
Overnight, the U.S. Dow Jones Industrial Average .DJI rose 201.36 points, or 0.47%, at 43,065.22 points on Monday. The S&P 500 .SPX gained 44.82 points, or 0.77%, while Nasdaq .IXIC gained 159.75 points, or 0.87%.
The only losers on the index, energy stocks .AXEJ, lost 0.3% as oil prices were pressurised by a weak global demand outlook. O/R
Sector major Woodside WDS.AX fell 1.2% while smaller rival Santos STO.AX slipped 1.3%.
This week, Rio Tinto and Woodside will report their quarterly production results on Wednesday while BHP and Santos are expected to announce on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 inched 0.1% lower to 12,751.93 points.
The country's quarterly inflation due on Wednesday is expected to ease to 2.2% on a year-on-year basis, according to a Reuters poll.
Reporting by Sneha Kumar in Bengaluru; Editing by Alan Barona
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