South32 share price jumps 6% to a 3-year high as miners take the wheel again
South32 shares jumped 6.3% to A$4.80, their highest in three years, helping lift the S&P/ASX 200 by 0.8% at close. Materials and energy stocks advanced, while tech slumped. The Reserve Bank of Australia raised its cash rate to 3.85% on Tuesday. South32 will announce half-year results and its interim dividend on Feb. 12.