Australia shares extend gains; miners shine on metal prices [Reuters]
FORTESCUE METAL GRP S/ADR (FSUGY)
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Source: Reuters
Australia shares extend gains; miners shine on metal prices * ASX benchmark hits record high * Oil prices buoy energy stocks * NZ benchmark closes 0.5% down (Updates to close) Jan 20 (Reuters) - Australian shares extended their record-breaking spree to a fifth session on Monday, mainly driven by mining stocks that gained on strong metal prices. The S&P/ASX 200 index touched a fresh peak of 7,092.50 points before paring some gains to finish at 7,079.50, a new record closing high. The benchmark, which crossed the 7,000 threshold in one of the sessions last week, had capped a weekly gain of about 2%, aided chiefly by the positive sentiment around the midweek sealing of the Phase 1 Sino-U.S. trade deal. The heavyweight Metals and Mining index contributed most to the benchmark gains, tacking on 1.4%, as copper futures hovered around an eight-month high and Dalian iron ore futures touched their highest level since Jan.9. The world’s biggest miner BHP Ltd gained 1.6% to scale a near six-mont
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