Australian shares hit near 9-month highs as energy and technology shares rise

Members of the Chinese Youth League perform a lion dance for spectators at the Haymarket on January 21, 2023 in Sydney, Australia.

Lisa Mare Williams | Getty Images News | Getty Images

Australian shares rose to their highest in nearly nine months on Monday as technology shares followed Wall Street’s strong finish last week and strong crude oil prices lifted energy stocks.

of S&P/ASX 200 Index It rose 0.1% to 7,458.00 at 23:28 GMT, extending its gains to a fourth session. Trading volumes were low, with some major Asian markets closed for holidays, including key trading partner China. S&P e-minis futures It rose 0.1%.

Australian energy stocks rose 0.5% after oil prices rose as economic prospects brightened in China, the world’s second-largest economy.

The sub-index reached its highest level since November 24 last year for oil and gas producers Woodside Energy And Santos Earning 1.2% and 1.5% respectively.

Tech shares rose 1.1% to hit a more than one-month high. ASX-listed Block, a software developer zero And WiseTech Global It grew between 0.8 and 6.3%.

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