ASX 200 Up 0.7% at Close

Australia’s ASX 200 rose 59 points, or 0.7%, to end at 8,823 on Monday, building strength from the prior session amid a sharp rise in U.S. stock futures as Washington and Tehran reportedly agreed to halt hostilities and resume peace talks. Sentiment was also lifted by strong growth in China’s industrial profits over the first five months of 2026, highlighting resilience in Australia’s key trading partner. However, caution emerged ahead of China’s June PMI data later this week, both from officials and a private survey. Meanwhile, the Reserve Bank’s June minutes will also be due, with investors wary that the central bank may retain its tightening bias to rein in inflation. Commercial services, consumer non-durables, and healthcare drove the gains. Strong iron ore prices supported BHP Group (1.4%) and Fortescue (2.4%). Ramelius Resources climbed 2.3% after agreeing to sell its Edna May Gold Hub. Neuren Pharmaceuticals surged 36.1% on EU approval for its Rett syndrome drug.

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