Australian shares were trading slightly higher at the open, driven by gains from the mining sector. Wall Street reset record highs for the S&P 500 and Dow.
Australian shares opened the second-last session of 2021 slightly higher after thin holiday trading in the US drove a small advance on Wall Street, sufficient to set records for the two main US benchmarks.P/ASX 200 Index was up 1.6 points, or 0.02 per cent, to 7511.4 at the open on Thursday morning. That followedThe Dow Jones Industrial Average rose for a sixth consecutive session, its longest winning streak since mid-March.
Mining stocks were leading the ASX gains at the open: Pilbara Minerals was up 2.5 per cent to $3.25, Mineral Resources added 1.9 per cent to $57.25, and Allkem advanced 1.2 per cent to $10.51. The major miners were also up; BHP Group advanced 0.8 per cent to $41.66, Rio Tinto 0.7 per cent to $99.53 and Fortescue Metals Group 0.7 per cent to $19.41.
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