Energy stocks lift ASX
Australian shares had a shaky session as oil prices continued to weigh on confidence and select miners jumped after China announced fiscal stimulus.
The S&P/ASX 200 rose five points, or 0.06%, to 9,010.9 on Monday as the broader All Ordinaries gained 4.6 points, or 0.05%, to 9,200.6.
Energy stocks outperformed the market, up 1.7% as oil prices hit seven-week highs after the US and Iran exchanged tit-for-tat strikes at the weekend.
Miners gain on China stimulus
Major miners helped support the market, with BHP, Rio Tinto and Fortescue lifting after China flagged a $US54 billion injection into state banks and insurers to shore up its financial sector.
The Australian dollar is buying 72.09 US cents, up from 72.04 US cents on Friday at 5pm.
