Members of the Chinese Youth League perform a lion dance for onlookers at Haymarket on Jan. 21, 2023 in Sydney, Australia.
Lisa Maree Williams | Getty Images News | Getty Images
Australian shares inched higher on Monday to their highest in nearly nine months, as technology stocks tracked Wall Street’s strong finish last week and firm crude oil prices lifted energy stocks.
The S&P/ASX 200 index rose 0.1% to 7,458.00 by 23:28 GMT, extending gains to a fourth session. Trading volumes were low, with some major Asian markets including key trading partner China closed for holidays. S&P E-minis futures were up 0.1%.
In Australia, energy stocks climbed 0.5% after oil prices settled higher on Friday as economic prospects brightened in China, the world’s second-biggest economy.