Australian equities climbed to an all-time high on Thursday, driven by a broad rally in the mining sector as investors digested improving geopolitical prospects between the United States and Iran.
The benchmark S&P/ASX 200 index rose 0.7% to close at 9,291.30 points.
40 points. The current record high extends that momentum, signaling sustained investor confidence in the local market.
The advance was underpinned by heavyweight miners, which benefited from renewed risk appetite and optimism surrounding potential de-escalation in the Middle East.
This marks a significant acceleration from recent trading sessions.
Australian equities had previously advanced to their highest level in nearly a month on Wednesday, closing at 8,868.30 points, before finishing the prior week with its strongest performance in three months at 8,844.40 points.
The current record high extends that momentum, signaling sustained investor confidence in the local market.