Wednesday, 23 December 2015 - 21:22
Australian shares up as iron ore price rises
Shares in Australia were higher on Wednesday, boosted by resource-related stocks and after a rise in US stocks.
Sydney's benchmark S&P/ASX 200 closed up 0.5% at 5,141.78, marking its sixth straight day of gains.
An increase in the price of iron ore, Australia's biggest export, helped the index, together with a slight rise in the price of oil.
Shares in mining giant BHP Billiton rose 3.45%, Rio Tinto closed up 4.2%, while Fortescue Metals gained 2.9%.
Shares in Atlas Iron finished the trading day up nearly 6% on news of the firm's plans to restructure its debt.