Australian shares rise as miners boost market recovery

Australian shares rose on Friday, ending a three-day decline, driven by gains in major mining stocks. The S&P/ASX 200 index increased by 0.5% to 7,789.7 points after confirming a market correction. The index had dropped 10.1% on Thursday from its February peak, marking a significant downturn. It has lost 2.5% this week, indicating a challenging period for investors. Market tensions remain high due to US tariffs on European goods and Australia's exclusion from steel and aluminum exemptions. Investors are cautious as they navigate these geopolitical issues.