2026.06.2906:42:32UTC+00ASX 200 Up 0.7% at Close

Australia’s ASX 200 gained 59 points, or 0.7%, to close at 8,823 on Monday, extending its advance from the previous session. The rally tracked a sharp rise in U.S. stock futures after reports that Washington and Tehran had agreed to halt hostilities and resume peace talks. Sentiment was further supported by strong growth in China’s industrial profits over the first five months of 2026, underscoring the resilience of Australia’s key trading partner.

Still, investors turned cautious ahead of China’s June PMI releases later this week, both from official and private surveys. Attention is also focused on the Reserve Bank’s June meeting minutes, amid concerns the central bank could maintain a tightening bias as it continues to combat inflation.

Gains were led by commercial services, consumer non-durables, and healthcare stocks. Firm iron ore prices underpinned advances in major miners, with BHP Group up 1.4% and Fortescue rising 2.4%. Ramelius Resources added 2.3% after agreeing to sell its Edna May Gold Hub, while Neuren Pharmaceuticals soared 36.1% following EU approval of its Rett syndrome treatment.