Basic resources led the charge with a 1.4% gain, bolstered by a surge in gold prices. Mining heavyweights saw significant movement, with Antofagasta, Hochschild Mining, and Glencore each posting gains between 2.2% and 2.7%. Technology stocks followed closely, adding 1.1% to the regional benchmark as market participants pivoted away from the closing earnings season to focus on global macroeconomic variables.
Geopolitical friction between the United States and Iran remains a point of concern, exerting pressure on oil prices and influencing sector performance. While energy stocks managed a modest 0.3% rise, the food and beverages sector bucked the upward trend, slipping 0.7% in early trading.
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