ASX 200 rises 0.3 per cent in early trade as mining stocks lead
BHP added 2.3 per cent, while Brent crude traded near US$105 a barrel.
The S&P/ASX 200 was up 26.1 points, or 0.3 per cent, to 8742.7 in early trade. Mining stocks rose on the back of higher commodity prices, with BHP up 2.3 per cent.
Oil prices climbed, with Brent crude near US$105 a barrel, but energy stocks fell. Iran-backed Houthi militants attacked an airport in Riyadh, Saudi Arabia's capital, again overnight.
The attacks raised the risk of a wider Middle East conflict. Technology stocks followed Wall Street higher, with Megaport up 4.6 per cent.
On Friday in New York, the S&P 500 rose 0.6 per cent. The gain was the index's first since setting an all-time high three days earlier.
- 8742.7 in early trade
- ASX 200 level
- near US$105 a barrel
- Brent crude
- King Khalid International Airport, Riyadh
- Attack site
- 423 points, or 0.8 per cent
- Dow Jones gain
Why it mattersOil prices are climbing after Houthi attacks raised the risk of a wider Middle East conflict.
AustraliaThe ASX 200 tracks Australia's biggest companies, so its moves can affect super balances and savings.
✓ Claims checked against the source and corrected before publish. checked 4 h ago
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