ASX 200 hits August high as miners lead the climb

The ASX 200 climbed 1.1% to reach its highest level since August, with heavyweight miners leading the gains.

Market participants watched the index reclaim a peak not seen in more than two months, noting that the mining sector was the primary driver of the rally. While other sectors lagged, the strength in mining stocks pushed the benchmark to new heights, prompting a sense of relief among traders who had been stuck in a two-month slump.