Australia Stock Market Today: ASX 200 Rallies as Miners Jump and Energy Shares Crack
The S&P/ASX 200 closed up 0.96% at 8,878.1, led by miners and gold stocks after oil prices fell on hopes of a U.S.-Iran deal. Energy shares dropped, with Woodside Energy down 4.2% and Santos off 3.3%. Materials gained 3.7% as metal prices rose. The government ordered LNG exporters to reserve 20% of output for the east coast market from July 2025, hitting gas-linked stocks.