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Australian miners gain as iron ore prices rise

By Reuters News20 hours ago Updated

** Shares of Australian miners .AXMM rise as much as 1.3%, hitting their highest since September 24

** Subindex tracks iron ore prices, which rise after data showed China's factory activity returned to growth in September, while fresh stimulus measures from Beijing further support sentiment IRONORE/

** AXMM down over 7% for the month and is on track for its worst month since June

** On Wednesday, BHP RIO.AX, and Fortescue FMG.AX all rise over 1% each

** YTD, index up 14%

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