Dec 13 (Reuters) - Australian shares rose on Monday, helped
by energy and mining stocks, as commodity prices strengthened
amid easing concerns about the impact of the Omicron coronavirus
variant on global economic growth.
The S&P/ASX 200 climbed 0.5% to 7,388 by 1237 GMT,
rebounding from a 0.4% drop on Friday.
Energy stocks climbed 1.6%, tracking a near 1% jump
in oil prices in early Asian trading. Beach Energy and
Woodside Petroleum added 1.8% and 1.7%, respectively,
to lead gains on the sub-index.
Coal-seam gas producer Senex Energy gained nearly
3% after it agreed to be acquired by South Korea's POSCO
International in a A$852.1 million deal.
Mining stocks benefited from upbeat growth sentiment
as they rose 1.4%. Global miners Rio Tinto, BHP
and Fortescue gained between 1.1% and 2.3%.
Property investor Charter Hall advanced 4.7% and
was among the biggest gainers on the benchmark after it hiked
its annual earnings guidance for the second time in two months.
Broader sentiment was also supported by a strong finish on
Wall Street on Friday, after data showed U.S. consumer
inflation, which hit a more than 39-year peak, was still in line
with market consensus.
Markets have been bracing for quicker-than-expected interest
rate hike from the Federal Reserve if inflation continues to
In New Zealand, the benchmark bourse fell 0.2% to
12,834.88. Pushpay Holdings and Serko gave up
about 2% each to lead losses on the index.
(Reporting by Tejaswi Marthi in Bengaluru; Editing by