(Reuters) - Trading on the Australian Securities Exchange was halted on Monday as the stock exchange operator cited “market data issues”, shortly after shares touched their highest in more than eight months.
The S&P/ASX 200 index gained 1.3% at 6,487.30, its highest since March 8. The index was riding high on vaccine optimism that offset worries about fresh lockdowns globally and helped most Asian markets start the week on firm ground.
Prior to the trading halt, financial stocks fuelled index gains, with the country’s so-called “Big Four” banks trading up as much as 3%.
Fund managers Pendal Group and Challenger Ltd each added around 3%.
Brent crude futures rose 0.4%, boosting energy stocks. Papua New Guinea-focused Oil Search Ltd rose 3%, while sector heavyweight Woodside Petroleum added 1.2%.
A 0.2% rise in Chinese iron ore futures helped the index's heavyweight miners, with BHP Group Ltd adding 2.1% and rival Rio Tinto Ltd climbing 1.8%.
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