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Bank, healthcare stocks lead Australian shares higher on Iran peace progress

The S&P/ASX 200 rose 0.5% as investors bet on lower geopolitical risk, while gold miners gained 0.7% and energy stocks fell 1.2%.

Summary by WTVB
By Kumar Tanishk Aug 3 (Reuters) – Australian shares rose on Monday, led by banks, healthcare and gold stocks as U.S. President Donald Trump’s remarks on Iran and fresh ​hopes of reopening the Strait of Hormuz lifted sentiment. The ‌S&P/ASX 200 advanced 0.5% to 9,019.30 points, carrying over momentum from July – its strongest monthly gain in five months. Over the weekend, Trump said that Iran and other Middle Eastern nations had requested time t…
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WTVB broke the news on Monday, August 3, 2026.
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