Australian shares have risen slightly higher on Thursday, boosted by a rebound in the heavyweight mining sector after sharp declines in the prior session, while investors digested the US Federal Reserve's firm hawkish stance on taming inflationary pressures.
The ASX 200 closed up 54 points, or 0.8 per cent, to 6,648, with the materials sector leading the gains.
The Australian dollar was up at 68.16 US cents by 04:19pm AEST.
Miners advanced 2.6 per cent after a massive 5.6 per cent drop in the previous session, as weak commodity prices led to a sharp sell-off in iron ore giants.
