LOS ANGELES (MarketWatch) -- Australian stocks headed higher in the Friday open, tracking overnight gains for U.S. shares and commodity futures. The S&P/ASX 200 (AU:XJO) rose 0.3% to 5,389.40, after Wall Street ended higher as a near-term tappering of the Federal Reserve's monetary stimulus looked less likely. An advance for oil futures helped lift Origin Energy Ltd. (AU:ORG) (OGFGF) up 0.9% and Oil Search Ltd. (AU:OSH) (OISHF) up 0.5%, while a 1.2% rise for Comex gold pushed Newcrest Mining Ltd. (AU:NCM) (NCMGF) 1.7% higher and sent Evolution Mining Ltd. (AU:EVN) (CAHPF) surging 2.9%. Shares of Whitehaven Coal Ltd. (AU:WHC) also added 2.9% after the firm reported record coal production. Stock in Warrnambool Cheese & Butter Factory Co. (AU:WCB) was on trading halt for the first hour of the session after the company received a fourth takeover bid.
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Asian shares mostly lower; techs struggle in Seoul
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