Dec 29 (Reuters) - Australian shares jumped on Wednesday to
their highest in more than three and a half months as market
participants grew less concerned about the Omicron coronavirus
variant on returning from an extended holiday weekend.
By 0012 GMT, the S&P/ASX 200 index had risen 1% to
7,496, their highest since Sept. 9, driven by gains in banks and
miners. Financial markets in Australia and New Zealand were
closed on Monday and Tuesday for the Christmas and Boxing Day
holidays.
The S&P/ASX 200 index, which had risen nearly 13% this year
by last close, was set for a fifth straight session of gains,
even as Australia recorded another record surge in COVID-19
infections on Tuesday.
Heavyweight financials rose as much as 1.6% to their
highest since Nov. 17, with the so-called "Big Four" banks up
between 1% and 1.7%.
Commonwealth bank of Australia advanced as much as
1.6% to its highest since Nov. 17, while Westpac Banking Corp
jumped 1.7% to its highest in more than a month.
Miners rose as much as 1% to their highest in nearly
four months, with Pilbara Minerals and Perenti Global
jumping 5.1% and 6.7%, respectively.
Energy stocks rose 1.1% after crude oil prices
settled higher overnight, supported by supply outages and
expectations that U.S. inventories fell last week.
Major oil and gas explorer Santos added 1.5%, while
Woodside Petroleum rose as much as 2.2% to its highest
in nearly two weeks.
Healthcare stocks jumped as much as 1.2% and were
set for their sixth straight session of gains.
On Wall Street, the S&P 500 closed slightly lower
after hitting a record intraday high on Tuesday, as a four-day
rally lost steam and investors weighed Omicron-driven travel
disruptions and store closures.
New Zealand's benchmark S&P/NZX 50 index rose 0.8%
to a six-week high of 12,995.63.
(Reporting by Harish Sridharan in Bengaluru; Editing by
Subhranshu Sahu)