S&P/ ASX 200 closes higher as miners rally 0.8 percent
Published on 10/12/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- The S&P/ASX 200 closed at 8,783 points on October 12, up 66.6 points or 0.8 percent.
- Gold traded at USD 4,206 an ounce as copper and iron ore prices lifted miners.
- Zip Co rose 6.0 percent, while TPG Telecom fell 4.6 percent.
- RBA minutes and NAB business confidence are due October 13 at 11:30 a.m. AEDT.
The S&P/ASX 200 closed at 8,783 points on October 12, gaining 66.6 points or 0.8 percent. Rising gold, copper and iron ore prices lifted miners, while easing oil prices supported the advance, Yahoo Finance reports.
Zip Co was the strongest S&P/ASX 200 stock, rising 6.0 percent. TPG Telecom fell 4.6 percent as telecommunications shares weakened, while Telstra lost 2.5 percent, Investing.com reports.
Why did the S&P/ASX 200 rise on Monday?
Mining shares led the advance as spot prices for gold, copper and iron ore rose. Gold traded at USD 4,206 an ounce by midday, while BHP gained 2.6 percent and Westpac rose 2.7 percent, PerthNow reports.
Only four of the 11 sectors finished higher. Communications was the weakest sector after Telstra and TPG Telecom declined. Technology shares also benefited from strong U.S. technology trading, with Megaport rising 5.5 percent, Yahoo Finance reports.
Winners and losers in the S&P/ASX 200
- Zip Co up 6.0 percent, Investing.com reports.
- Summerset Group up 5.8 percent.
- Megaport up 5.5 percent.
- TPG Telecom down 4.6 percent as telecommunications shares sold off.
- Mercury NZ down 4.3 percent.
- Liontown Resources down 3.9 percent.
Miners offset communication-sector weakness
BHP, Fortescue, Northern Star and South32 each gained more than 2 percent. Westpac led the major banks, followed by National Australia Bank with a 2.3 percent rise. Telstra's decline extended its recent losses after news involving U.S. telecommunications competition, News.com.au reports.
What comes next for the S&P/ASX 200?
- October 13, 2026, 11:30 a.m. AEDT: Reserve Bank of Australia meeting minutes and NAB business confidence, with the prior confidence reading at minus 8, Trading Economics reports.
- October 14, 2026, 12:30 p.m. AEDT: China's September consumer and producer price data, scheduled for 9:30 a.m. Beijing time, BigGo Finance reports.
