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Australian Stocks Rise to Record on Iran Hopes, Economic Bets

Bloomberg Markets Wednesday 05 August 2026, 00:15 UTC By Carmeli Argana and Joe Flynn 1 min read
Key Points

Australian Stocks Rise to Record on Iran Hopes, Economic Bets Australia’s stock benchmark climbed to an intraday record on easing concerns over the US-Iran conflict and supportive signals in the domestic economy. The S&P/ASX 200 Index rose as much as 0.7% to 9,213.00, eclipsing its previous high from early March. The materials sector added the biggest lift during Wednesday’s session, with BHP Group and Rio Tinto Group gaining.

Australian Stocks Rise to Record on Iran Hopes, Economic Bets Australia’s stock benchmark climbed to an intraday record on easing concerns over the US-Iran conflict and supportive signals in the domestic economy. The S&P/ASX 200 Index rose as much as 0.7% to 9,213.00, eclipsing its previous high from early March. The materials sector added the biggest lift during Wednesday’s session, with BHP Group and Rio Tinto Group gaining.
Australian (ORG) Iran (LOCATION) US (LOCATION) BHP Group (ORG) Rio Tinto Group (ORG)
Originally published by Bloomberg Markets Read original →

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