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Wednesday, 23 December 2015 - 21:22
Australian shares up as iron ore price rises
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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.
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