• Australian mining stocks rise as much as 4%, hitting its biggest intraday pct gain since April 8

• Sub-index touches its highest level since June 5

• Benchmark up 1.9%

• Miners surge on the back of firm copper prices amid easing oil prices and hopes that a peace deal between the U.S. and Iran is nearing an end [MET/L]

• Heavyweights BHP Group and Rio Tinto jump 3.4% and 2.9%, respectively

• YTD, AXMM up 16.7%, AXJO flat
(Reporting by Aamir Sheik Khalid in Bengaluru)