By Oliver Gray
Investing.com - The S&P/ASX 200 added 29.5 points or 0.5% to 6,624 after the first 50 minutes of Thursday’s trade, partially recouping losses of 0.5% in the previous session as mining companies recovered from a heavy selloff.
ASX 200 Futures were pointing 0.2% lower.
Among stocks, the Materials sector led the gains, up 1.5% collectively as Rio Tinto Ltd (ASX:RIO) added 2.5%, BHP Billiton Ltd (ASX:BHP) lifted 1.1%, Fortescue Metals Group Ltd (ASX:FMG) gained 1.8% and Champion Iron Ltd (ASX:CIA) added 1.1%.
Financials added 0.1% with Macquarie Group Ltd (ASX:MQG) up 0.3%, Australia and New Zealand Banking Group Ltd (ASX:ANZ) adding 0.8%, Commonwealth Bank Of Australia (ASX:CBA) up 0.3%, National Australia Bank Ltd (ASX:NAB) down 0.4% and Westpac Banking Corp (ASX:WBC) adding 0.3%.
Real estate companies were 0.2% higher overall, with Charter Hall Group (ASX:CHC) up 0.2%, Goodman Group (ASX:GMG) down 0.1% and Stockland Corporation Ltd (ASX:SGP) lifting 0.1%.
On the bond markets, Australia 10-Year yields were at 3.459% while United States 10-Year rates were at 2.919%.
In New Zealand, the NZX 50 fell 0.1% to 11,126.