ASX Close: Market Rebounds As Miners Embrace China Reopening

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ASX Close: Market Rebounds As Miners Embrace China Reopening

the market herald2022-04-28

Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&P/ASX 200 rallied 95.7 points or 1.32...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Close: Market Rebounds As Miners Embrace China Reopening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-28 14:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/>the market herald</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nMining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&P/ASX 200 rallied 95.7 points or 1.32...\n\n<a href=\"https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/","article_id":"1182002172","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182002172","pubTimestamp":1651127660,"columns":[],"sourceInfo":{"source_id":"lsy1645077863021","name":"themarketherald"},"weMediaInfo":null,"summary":"Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace an","collect":0,"end_time":0,"defaultTopTitle":"themarketherald.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数"},"translate_title":"ASX收盘：矿商拥抱中国重新开放，市场反弹","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&P/ASX 200 rallied 95.7 points or 1.32 percent to its first gain in four sessions.Bulk metal miners led after China began lifting Covid restrictions in its steel-making heartland. Fortescue Metals, Sandfire Resources, Nickel Mines and Champion Iron advanced after trading updates. Gold miners Newcrest, Silver Lake Resources and St Barbara declined.What moved the marketWell-received quarterly reports on both sides of the Pacific encouraged investors to wade back into the market after a three-day rout knocked the ASX 200 down 4.3 percent.Fortescue Metals jumped 8.11 percent after increasing its iron ore guidance. BHP and Rio Tinto also booked strong gains amid reports officials in Shanghai were working on reopening plans as infection rates hit a 24-day low.The heavily-weighted materials sector lost 12 percent over the previous four sessions amid fears Beijing might follow Shanghai into lockdown. The closure of Shanghai, the world’s busiest port, disrupted supply chains, upended commodity markets and threatened demand for Australian raw materials.The local materials sector bounced 3.5 percent this afternoon following tentative overnight gains in iron ore, crude and some metals.In the US, an unexpectedly strong quarterly from Facebook owner Meta Platforms sharpened hopes of a market rebound tonight. S&P 500 futures surged 38 points or 0.9 percent. Nasdaq futures jumped 1.45 percent as Meta bounced 18.3 percent in after-market trade.The rebound in futures overshadowed a mixed finish overnight as the main indices gave up much of their early gains. The S&P 500 clung on to a gain of 0.21 percent. The Nasdaq Composite dipped 0.01 percent to its lowest close since November 2020 after being up as much as 1.7 percent.Winners’ circleFortescue Metals upgraded its guidance after shipping a record 139.5 million tonnes of iron ore over the first nine months. The Pilbara miner raised its full-year shipment forecast to 185-188 million tonnes from previous guidance of 180-185 million tonnes.The upgrade came after the company increased third-quarter shipments by 10 percent from the prior corresponding quarter.Rivals BHP and Rio Tinto rallied 4.37 and 3.52 percent, respectively, following a tentative rebound this week in Chinese ore. Prices edged higher yesterday after authorities lifted Covid lockdowns in parts of the country’s steel-manufacturing heartland. Champion Iron firmed 4.56 percent despite a dip in quarterly production.Record quarterly earnings lifted Nickel Mines 6.06 percent. A 10.7 percent increase in production last quarter helped the miner generate $81.7 million in earnings.Record lithium prices helped offset production issues at Pilbara Minerals as the miner battled resourcing shortfalls. The share price improved 3.46 percent after the miner reaffirmed full-year production guidance.Coles edged up 0.6 percent after increasing quarterly sales revenue by 3.6 percent to $9.1 billion. The result came as the supermarket battled absenteeism, flooding and inflationary pressures.Other heavyweights to advance included CSL +1.11 percent, Wesfarmers +0.7 percent and ANZ +0.67 percent.AMP jumped 13.17 percent to a five-month high on news it secured up to $699 million for its international infrastructure equity business. US investment firm DigitalBridge will acquire the business for an up-front fee of $462 million. Additional payments are dependent on performance and fund raisings.Sandfire Resources surged 11.92 percent from yesterday’s 14-month low after successfully integrating a Spanish acquisition and increasing production at its DeGrussa operation in WA. The miner said the MATSA mine in Spain was producing in line with guidance.Resolute Mining firmed 3.12 percent after increasing gold production by 2 percent last quarter.Orora climbed 3.43 percent to an all-time high on news that earnings will increase this financial year, thanks to strength in the packager’s North American business.DoghouseGold miner Silver Lake Resources dropped 6.25 percent after withdrawing full-year guidance. The miner said intensifying labour shortages and supply-chain disruptions left it unable to predict Q4 performance with confidence.Newcrest eased 0.96 percent as news of a 14 percent decline in quarterly production at the Telfer mine tempered increased output elsewhere. Overall gold production increased 10 percent, thanks largely to higher mill throughput at Cadia.St Barbara gave up 2.61 percent on news production declined 6 percent last quarter. The miner insisted it remained on track to deliver on full-year guidance.Uranium miner Paladin Energy dropped 6.67 percent, Tyro Payments 4.45 percent and Polynovo 4.62 percent.Other marketsMost Asian markets improved with US futures. The Asia Dow advanced 1.17 percent, Hong Kong’s Hang Seng 0.36 percent and Japan’s Nikkei 1.73 percent. China’s Shanghai Composite faded 0.22 percent.Oil reversed last night’s rebound. Brent crude declined US$1.69 or 1.61 percent to US$103.26 a barrel.Gold‘s losing run extended into a third session. The yellow metal dropped US$12.20 or 0.65 percent to US$1,876.50 an ounce.The dollar continued to lose ground, falling 0.37 percent to 70.95 US cents.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9060842518,"gmtCreate":1651128958379,"gmtModify":1676534855828,"author":{"id":"3577433295437037","authorId":"3577433295437037","name":"Noob6","avatar":"https://static.tigerbbs.com/395476a9381e76bd4cd6eb8b78eddc5e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577433295437037","authorIdStr":"3577433295437037"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060842518","repostId":1182002172,"repostType":4,"repost":{"id":"1182002172","kind":"news","pubTimestamp":1651127660,"share":"https://ttm.financial/m/news/1182002172?lang=&edition=fundamental","pubTime":"2022-04-28 14:34","market":"other","language":"en","title":"ASX Close: Market Rebounds As Miners Embrace China Reopening","url":"https://stock-news.laohu8.com/highlight/detail?id=1182002172","media":"the market herald","summary":"Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace an","content":"<html><head></head><body>Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&amp;P/ASX 200 rallied 95.7 points or 1.32 percent to its first gain in four sessions.Bulk metal miners led after China began lifting Covid restrictions in its steel-making heartland. Fortescue Metals, Sandfire Resources, Nickel Mines and Champion Iron advanced after trading updates. Gold miners Newcrest, Silver Lake Resources and St Barbara declined.What moved the marketWell-received quarterly reports on both sides of the Pacific encouraged investors to wade back into the market after a three-day rout knocked the ASX 200 down 4.3 percent.Fortescue Metals jumped 8.11 percent after increasing its iron ore guidance. BHP and Rio Tinto also booked strong gains amid reports officials in Shanghai were working on reopening plans as infection rates hit a 24-day low.The heavily-weighted materials sector lost 12 percent over the previous four sessions amid fears Beijing might follow Shanghai into lockdown. The closure of Shanghai, the world’s busiest port, disrupted supply chains, upended commodity markets and threatened demand for Australian raw materials.The local materials sector bounced 3.5 percent this afternoon following tentative overnight gains in iron ore, crude and some metals.In the US, an unexpectedly strong quarterly from Facebook owner Meta Platforms sharpened hopes of a market rebound tonight. S&amp;P 500 futures surged 38 points or 0.9 percent. Nasdaq futures jumped 1.45 percent as Meta bounced 18.3 percent in after-market trade.The rebound in futures overshadowed a mixed finish overnight as the main indices gave up much of their early gains. The S&amp;P 500 clung on to a gain of 0.21 percent. The Nasdaq Composite dipped 0.01 percent to its lowest close since November 2020 after being up as much as 1.7 percent.Winners’ circleFortescue Metals upgraded its guidance after shipping a record 139.5 million tonnes of iron ore over the first nine months. The Pilbara miner raised its full-year shipment forecast to 185-188 million tonnes from previous guidance of 180-185 million tonnes.The upgrade came after the company increased third-quarter shipments by 10 percent from the prior corresponding quarter.Rivals BHP and Rio Tinto rallied 4.37 and 3.52 percent, respectively, following a tentative rebound this week in Chinese ore. Prices edged higher yesterday after authorities lifted Covid lockdowns in parts of the country’s steel-manufacturing heartland. Champion Iron firmed 4.56 percent despite a dip in quarterly production.Record quarterly earnings lifted Nickel Mines 6.06 percent. A 10.7 percent increase in production last quarter helped the miner generate $81.7 million in earnings.Record lithium prices helped offset production issues at Pilbara Minerals as the miner battled resourcing shortfalls. The share price improved 3.46 percent after the miner reaffirmed full-year production guidance.Coles edged up 0.6 percent after increasing quarterly sales revenue by 3.6 percent to $9.1 billion. The result came as the supermarket battled absenteeism, flooding and inflationary pressures.Other heavyweights to advance included CSL +1.11 percent, Wesfarmers +0.7 percent and ANZ +0.67 percent.AMP jumped 13.17 percent to a five-month high on news it secured up to $699 million for its international infrastructure equity business. US investment firm DigitalBridge will acquire the business for an up-front fee of $462 million. Additional payments are dependent on performance and fund raisings.Sandfire Resources surged 11.92 percent from yesterday’s 14-month low after successfully integrating a Spanish acquisition and increasing production at its DeGrussa operation in WA. The miner said the MATSA mine in Spain was producing in line with guidance.Resolute Mining firmed 3.12 percent after increasing gold production by 2 percent last quarter.Orora climbed 3.43 percent to an all-time high on news that earnings will increase this financial year, thanks to strength in the packager’s North American business.DoghouseGold miner Silver Lake Resources dropped 6.25 percent after withdrawing full-year guidance. The miner said intensifying labour shortages and supply-chain disruptions left it unable to predict Q4 performance with confidence.Newcrest eased 0.96 percent as news of a 14 percent decline in quarterly production at the Telfer mine tempered increased output elsewhere. Overall gold production increased 10 percent, thanks largely to higher mill throughput at Cadia.St Barbara gave up 2.61 percent on news production declined 6 percent last quarter. The miner insisted it remained on track to deliver on full-year guidance.Uranium miner Paladin Energy dropped 6.67 percent, Tyro Payments 4.45 percent and Polynovo 4.62 percent.Other marketsMost Asian markets improved with US futures. The Asia Dow advanced 1.17 percent, Hong Kong’s Hang Seng 0.36 percent and Japan’s Nikkei 1.73 percent. China’s Shanghai Composite faded 0.22 percent.Oil reversed last night’s rebound. Brent crude declined US$1.69 or 1.61 percent to US$103.26 a barrel.Gold‘s losing run extended into a third session. The yellow metal dropped US$12.20 or 0.65 percent to US$1,876.50 an ounce.The dollar continued to lose ground, falling 0.37 percent to 70.95 US cents.</body></html>","source":"lsy1645077863021","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Close: Market Rebounds As Miners Embrace China Reopening</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Close: Market Rebounds As Miners Embrace China Reopening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-28 14:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/>the market herald</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nMining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&P/ASX 200 rallied 95.7 points or 1.32...\n\n<a href=\"https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数"},"source_url":"https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182002172","content_text":"Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&P/ASX 200 rallied 95.7 points or 1.32 percent to its first gain in four sessions.Bulk metal miners led after China began lifting Covid restrictions in its steel-making heartland. Fortescue Metals, Sandfire Resources, Nickel Mines and Champion Iron advanced after trading updates. Gold miners Newcrest, Silver Lake Resources and St Barbara declined.What moved the marketWell-received quarterly reports on both sides of the Pacific encouraged investors to wade back into the market after a three-day rout knocked the ASX 200 down 4.3 percent.Fortescue Metals jumped 8.11 percent after increasing its iron ore guidance. BHP and Rio Tinto also booked strong gains amid reports officials in Shanghai were working on reopening plans as infection rates hit a 24-day low.The heavily-weighted materials sector lost 12 percent over the previous four sessions amid fears Beijing might follow Shanghai into lockdown. The closure of Shanghai, the world’s busiest port, disrupted supply chains, upended commodity markets and threatened demand for Australian raw materials.The local materials sector bounced 3.5 percent this afternoon following tentative overnight gains in iron ore, crude and some metals.In the US, an unexpectedly strong quarterly from Facebook owner Meta Platforms sharpened hopes of a market rebound tonight. S&P 500 futures surged 38 points or 0.9 percent. Nasdaq futures jumped 1.45 percent as Meta bounced 18.3 percent in after-market trade.The rebound in futures overshadowed a mixed finish overnight as the main indices gave up much of their early gains. The S&P 500 clung on to a gain of 0.21 percent. The Nasdaq Composite dipped 0.01 percent to its lowest close since November 2020 after being up as much as 1.7 percent.Winners’ circleFortescue Metals upgraded its guidance after shipping a record 139.5 million tonnes of iron ore over the first nine months. The Pilbara miner raised its full-year shipment forecast to 185-188 million tonnes from previous guidance of 180-185 million tonnes.The upgrade came after the company increased third-quarter shipments by 10 percent from the prior corresponding quarter.Rivals BHP and Rio Tinto rallied 4.37 and 3.52 percent, respectively, following a tentative rebound this week in Chinese ore. Prices edged higher yesterday after authorities lifted Covid lockdowns in parts of the country’s steel-manufacturing heartland. Champion Iron firmed 4.56 percent despite a dip in quarterly production.Record quarterly earnings lifted Nickel Mines 6.06 percent. A 10.7 percent increase in production last quarter helped the miner generate $81.7 million in earnings.Record lithium prices helped offset production issues at Pilbara Minerals as the miner battled resourcing shortfalls. The share price improved 3.46 percent after the miner reaffirmed full-year production guidance.Coles edged up 0.6 percent after increasing quarterly sales revenue by 3.6 percent to $9.1 billion. The result came as the supermarket battled absenteeism, flooding and inflationary pressures.Other heavyweights to advance included CSL +1.11 percent, Wesfarmers +0.7 percent and ANZ +0.67 percent.AMP jumped 13.17 percent to a five-month high on news it secured up to $699 million for its international infrastructure equity business. US investment firm DigitalBridge will acquire the business for an up-front fee of $462 million. Additional payments are dependent on performance and fund raisings.Sandfire Resources surged 11.92 percent from yesterday’s 14-month low after successfully integrating a Spanish acquisition and increasing production at its DeGrussa operation in WA. The miner said the MATSA mine in Spain was producing in line with guidance.Resolute Mining firmed 3.12 percent after increasing gold production by 2 percent last quarter.Orora climbed 3.43 percent to an all-time high on news that earnings will increase this financial year, thanks to strength in the packager’s North American business.DoghouseGold miner Silver Lake Resources dropped 6.25 percent after withdrawing full-year guidance. The miner said intensifying labour shortages and supply-chain disruptions left it unable to predict Q4 performance with confidence.Newcrest eased 0.96 percent as news of a 14 percent decline in quarterly production at the Telfer mine tempered increased output elsewhere. Overall gold production increased 10 percent, thanks largely to higher mill throughput at Cadia.St Barbara gave up 2.61 percent on news production declined 6 percent last quarter. The miner insisted it remained on track to deliver on full-year guidance.Uranium miner Paladin Energy dropped 6.67 percent, Tyro Payments 4.45 percent and Polynovo 4.62 percent.Other marketsMost Asian markets improved with US futures. The Asia Dow advanced 1.17 percent, Hong Kong’s Hang Seng 0.36 percent and Japan’s Nikkei 1.73 percent. China’s Shanghai Composite faded 0.22 percent.Oil reversed last night’s rebound. Brent crude declined US$1.69 or 1.61 percent to US$103.26 a barrel.Gold‘s losing run extended into a third session. The yellow metal dropped US$12.20 or 0.65 percent to US$1,876.50 an ounce.The dollar continued to lose ground, falling 0.37 percent to 70.95 US cents.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9060843990,"gmtCreate":1651128114149,"gmtModify":1676534855726,"author":{"id":"4101864922461960","authorId":"4101864922461960","name":"Lenny Sari","avatar":"https://static.tigerbbs.com/24348ddf29c764e6bd01343eba2e92e4","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4101864922461960","authorIdStr":"4101864922461960"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060843990","repostId":1182002172,"repostType":4,"repost":{"id":"1182002172","kind":"news","pubTimestamp":1651127660,"share":"https://ttm.financial/m/news/1182002172?lang=&edition=fundamental","pubTime":"2022-04-28 14:34","market":"other","language":"en","title":"ASX Close: Market Rebounds As Miners Embrace China Reopening","url":"https://stock-news.laohu8.com/highlight/detail?id=1182002172","media":"the market herald","summary":"Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace an","content":"<html><head></head><body>Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&amp;P/ASX 200 rallied 95.7 points or 1.32 percent to its first gain in four sessions.Bulk metal miners led after China began lifting Covid restrictions in its steel-making heartland. Fortescue Metals, Sandfire Resources, Nickel Mines and Champion Iron advanced after trading updates. Gold miners Newcrest, Silver Lake Resources and St Barbara declined.What moved the marketWell-received quarterly reports on both sides of the Pacific encouraged investors to wade back into the market after a three-day rout knocked the ASX 200 down 4.3 percent.Fortescue Metals jumped 8.11 percent after increasing its iron ore guidance. BHP and Rio Tinto also booked strong gains amid reports officials in Shanghai were working on reopening plans as infection rates hit a 24-day low.The heavily-weighted materials sector lost 12 percent over the previous four sessions amid fears Beijing might follow Shanghai into lockdown. The closure of Shanghai, the world’s busiest port, disrupted supply chains, upended commodity markets and threatened demand for Australian raw materials.The local materials sector bounced 3.5 percent this afternoon following tentative overnight gains in iron ore, crude and some metals.In the US, an unexpectedly strong quarterly from Facebook owner Meta Platforms sharpened hopes of a market rebound tonight. S&amp;P 500 futures surged 38 points or 0.9 percent. Nasdaq futures jumped 1.45 percent as Meta bounced 18.3 percent in after-market trade.The rebound in futures overshadowed a mixed finish overnight as the main indices gave up much of their early gains. The S&amp;P 500 clung on to a gain of 0.21 percent. The Nasdaq Composite dipped 0.01 percent to its lowest close since November 2020 after being up as much as 1.7 percent.Winners’ circleFortescue Metals upgraded its guidance after shipping a record 139.5 million tonnes of iron ore over the first nine months. The Pilbara miner raised its full-year shipment forecast to 185-188 million tonnes from previous guidance of 180-185 million tonnes.The upgrade came after the company increased third-quarter shipments by 10 percent from the prior corresponding quarter.Rivals BHP and Rio Tinto rallied 4.37 and 3.52 percent, respectively, following a tentative rebound this week in Chinese ore. Prices edged higher yesterday after authorities lifted Covid lockdowns in parts of the country’s steel-manufacturing heartland. Champion Iron firmed 4.56 percent despite a dip in quarterly production.Record quarterly earnings lifted Nickel Mines 6.06 percent. A 10.7 percent increase in production last quarter helped the miner generate $81.7 million in earnings.Record lithium prices helped offset production issues at Pilbara Minerals as the miner battled resourcing shortfalls. The share price improved 3.46 percent after the miner reaffirmed full-year production guidance.Coles edged up 0.6 percent after increasing quarterly sales revenue by 3.6 percent to $9.1 billion. The result came as the supermarket battled absenteeism, flooding and inflationary pressures.Other heavyweights to advance included CSL +1.11 percent, Wesfarmers +0.7 percent and ANZ +0.67 percent.AMP jumped 13.17 percent to a five-month high on news it secured up to $699 million for its international infrastructure equity business. US investment firm DigitalBridge will acquire the business for an up-front fee of $462 million. Additional payments are dependent on performance and fund raisings.Sandfire Resources surged 11.92 percent from yesterday’s 14-month low after successfully integrating a Spanish acquisition and increasing production at its DeGrussa operation in WA. The miner said the MATSA mine in Spain was producing in line with guidance.Resolute Mining firmed 3.12 percent after increasing gold production by 2 percent last quarter.Orora climbed 3.43 percent to an all-time high on news that earnings will increase this financial year, thanks to strength in the packager’s North American business.DoghouseGold miner Silver Lake Resources dropped 6.25 percent after withdrawing full-year guidance. The miner said intensifying labour shortages and supply-chain disruptions left it unable to predict Q4 performance with confidence.Newcrest eased 0.96 percent as news of a 14 percent decline in quarterly production at the Telfer mine tempered increased output elsewhere. Overall gold production increased 10 percent, thanks largely to higher mill throughput at Cadia.St Barbara gave up 2.61 percent on news production declined 6 percent last quarter. The miner insisted it remained on track to deliver on full-year guidance.Uranium miner Paladin Energy dropped 6.67 percent, Tyro Payments 4.45 percent and Polynovo 4.62 percent.Other marketsMost Asian markets improved with US futures. The Asia Dow advanced 1.17 percent, Hong Kong’s Hang Seng 0.36 percent and Japan’s Nikkei 1.73 percent. China’s Shanghai Composite faded 0.22 percent.Oil reversed last night’s rebound. Brent crude declined US$1.69 or 1.61 percent to US$103.26 a barrel.Gold‘s losing run extended into a third session. The yellow metal dropped US$12.20 or 0.65 percent to US$1,876.50 an ounce.The dollar continued to lose ground, falling 0.37 percent to 70.95 US cents.</body></html>","source":"lsy1645077863021","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ASX Close: Market Rebounds As Miners Embrace China Reopening</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX Close: Market Rebounds As Miners Embrace China Reopening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-28 14:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/>the market herald</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nMining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&P/ASX 200 rallied 95.7 points or 1.32...\n\n<a href=\"https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数"},"source_url":"https://themarketherald.com.au/asx-close-market-rebounds-as-miners-embrace-china-reopening-2022-04-28/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182002172","content_text":"Mining stocks steered the Australian share market higher as Chinese plans to reopen gathered pace and Fortescue Metals raised its iron ore shipping guidance.The S&P/ASX 200 rallied 95.7 points or 1.32 percent to its first gain in four sessions.Bulk metal miners led after China began lifting Covid restrictions in its steel-making heartland. Fortescue Metals, Sandfire Resources, Nickel Mines and Champion Iron advanced after trading updates. Gold miners Newcrest, Silver Lake Resources and St Barbara declined.What moved the marketWell-received quarterly reports on both sides of the Pacific encouraged investors to wade back into the market after a three-day rout knocked the ASX 200 down 4.3 percent.Fortescue Metals jumped 8.11 percent after increasing its iron ore guidance. BHP and Rio Tinto also booked strong gains amid reports officials in Shanghai were working on reopening plans as infection rates hit a 24-day low.The heavily-weighted materials sector lost 12 percent over the previous four sessions amid fears Beijing might follow Shanghai into lockdown. The closure of Shanghai, the world’s busiest port, disrupted supply chains, upended commodity markets and threatened demand for Australian raw materials.The local materials sector bounced 3.5 percent this afternoon following tentative overnight gains in iron ore, crude and some metals.In the US, an unexpectedly strong quarterly from Facebook owner Meta Platforms sharpened hopes of a market rebound tonight. S&P 500 futures surged 38 points or 0.9 percent. Nasdaq futures jumped 1.45 percent as Meta bounced 18.3 percent in after-market trade.The rebound in futures overshadowed a mixed finish overnight as the main indices gave up much of their early gains. The S&P 500 clung on to a gain of 0.21 percent. The Nasdaq Composite dipped 0.01 percent to its lowest close since November 2020 after being up as much as 1.7 percent.Winners’ circleFortescue Metals upgraded its guidance after shipping a record 139.5 million tonnes of iron ore over the first nine months. The Pilbara miner raised its full-year shipment forecast to 185-188 million tonnes from previous guidance of 180-185 million tonnes.The upgrade came after the company increased third-quarter shipments by 10 percent from the prior corresponding quarter.Rivals BHP and Rio Tinto rallied 4.37 and 3.52 percent, respectively, following a tentative rebound this week in Chinese ore. Prices edged higher yesterday after authorities lifted Covid lockdowns in parts of the country’s steel-manufacturing heartland. Champion Iron firmed 4.56 percent despite a dip in quarterly production.Record quarterly earnings lifted Nickel Mines 6.06 percent. A 10.7 percent increase in production last quarter helped the miner generate $81.7 million in earnings.Record lithium prices helped offset production issues at Pilbara Minerals as the miner battled resourcing shortfalls. The share price improved 3.46 percent after the miner reaffirmed full-year production guidance.Coles edged up 0.6 percent after increasing quarterly sales revenue by 3.6 percent to $9.1 billion. The result came as the supermarket battled absenteeism, flooding and inflationary pressures.Other heavyweights to advance included CSL +1.11 percent, Wesfarmers +0.7 percent and ANZ +0.67 percent.AMP jumped 13.17 percent to a five-month high on news it secured up to $699 million for its international infrastructure equity business. US investment firm DigitalBridge will acquire the business for an up-front fee of $462 million. Additional payments are dependent on performance and fund raisings.Sandfire Resources surged 11.92 percent from yesterday’s 14-month low after successfully integrating a Spanish acquisition and increasing production at its DeGrussa operation in WA. The miner said the MATSA mine in Spain was producing in line with guidance.Resolute Mining firmed 3.12 percent after increasing gold production by 2 percent last quarter.Orora climbed 3.43 percent to an all-time high on news that earnings will increase this financial year, thanks to strength in the packager’s North American business.DoghouseGold miner Silver Lake Resources dropped 6.25 percent after withdrawing full-year guidance. The miner said intensifying labour shortages and supply-chain disruptions left it unable to predict Q4 performance with confidence.Newcrest eased 0.96 percent as news of a 14 percent decline in quarterly production at the Telfer mine tempered increased output elsewhere. Overall gold production increased 10 percent, thanks largely to higher mill throughput at Cadia.St Barbara gave up 2.61 percent on news production declined 6 percent last quarter. The miner insisted it remained on track to deliver on full-year guidance.Uranium miner Paladin Energy dropped 6.67 percent, Tyro Payments 4.45 percent and Polynovo 4.62 percent.Other marketsMost Asian markets improved with US futures. The Asia Dow advanced 1.17 percent, Hong Kong’s Hang Seng 0.36 percent and Japan’s Nikkei 1.73 percent. China’s Shanghai Composite faded 0.22 percent.Oil reversed last night’s rebound. Brent crude declined US$1.69 or 1.61 percent to US$103.26 a barrel.Gold‘s losing run extended into a third session. The yellow metal dropped US$12.20 or 0.65 percent to US$1,876.50 an ounce.The dollar continued to lose ground, falling 0.37 percent to 70.95 US cents.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":38,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}