Producers of metals and other raw materials rose as traders bet the sector would benefit from stimulus spending and sustained economic growth in the U.S. and China.

U.S. national security adviser Jake Sullivan is flying to Thailand to discuss Houthi attacks on Red Sea shipping with China's foreign minister, Wang Yi, U.S. officials said. Investors fear the freight shipping gridlock that helped cause the 2022-23 bout of global goods inflation could recur because of the closure of key lanes in the Middle East.

Mining giant BHP Group is diverting almost all of its shipments from Asia to Europe away from the Red Sea, The Wall Street Journal reported, the latest sign of how Houthi attacks in the region have upended global trade.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-25-24 1817ET