ASX 200 ends higher; Fortescue names Fiona Hick as mining boss; Collins Foods smashed on update

Miners push ASX higher. Fortescue names Woodside exec mining chief executive, commodities rebound on China optimism and Collins Foods plunges on weak update.

Global macroeconomic and geopolitical developments are influencing equity investor sentiment. Picture: Gaye Gerard

Welcome to the Trading Day blog for Tuesday, November 29. The Australian sharemarket erased earlier intraday falls to end higher on investor optimism ahead of a key a Covid-19 briefing behind held by Chinese officials at 6pm AEDT.

The S&P/ASX 200 index gained 0.3 per cent to 7253.30.

On Wall Street, the S&P 500 closed 1.5 per cent lower, the technology-focused Nasdaq Composite Index shed 1.6 per cent and the Dow Jones Industrial Average fell 1.5 per cent

The dollar was near US67.05c at the close.