The S & P / ASX 200 index rose 0.9% to 7,147 points at 0045 GMT, its highest point since February 21, 2020.
Australian stocks hit a high of near 15 months on Monday, boosted by gains in gold and iron ore miners as a result of firmer metal prices, and when shares in the country’s top two casino operators entered into a proposed merger.
The S & P / ASX 200 index rose 0.9% to 7,147 points at 0045 GMT, the highest point since February 21, 2020.
Heavyweight miners were the biggest boosts to the benchmark, up 2.55%, with iron ore giant Fortescue Metals Group Ltd was up 4.57%, followed by Ioneer Ltd at 4.23%.
Gold miners were up 2.08% as precious metal prices fell to a three-month high.
Pantoro Ltd was up 4.88%, while Catalyst Metals Ltd was up 4.83%.
Casino giants Star Entertainment and Crown Resorts both hit multi-month highs after the former proposed an all-stock buyout of its bigger rival in a deal worth A $ 9 billion.
Across the Tasman Sea, New Zealand’s benchmark S & P / NZX 50 index fell 0.53% to 12,662.4 points.
Shares in a2 Milk fell a whopping 16.3% to a three and a half year low after the dairy producer lowered its annual sales forecast for the third time.
In other markets, the Japanese Nikkei rose 0.86% to 29,609.65 points and the S&P 500 E-minis futures were up 0.3%.