S&P/ASX 200 Rebounds Sharply, Gaining Nearly 2% as Miners Rally Amid Easing US-Iran War Tensions

Source: International Business Times

The index surged more than 1. 8% on Wednesday, closing at approximately 8,538 points after climbing as high as 8,564, as investors welcomed signs of de-escalation in the US-Iran conflict and a strong rebound in mining and energy stocks. The benchmark Australian share market index opened at 8,379.