Why is the BHP share price smashing the benchmark today?
Image source: Getty Images
The BHP Group Ltd (ASX: BHP) share price is off to the races today.
Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed yesterday trading for $37.20. In late morning trade on Thursday, shares are changing hands for $38.76 apiece, up 4.2%.
This follows a similar 4.2% increase in BHP stock in the United States markets overnight. As you’re likely aware, BHP is listed on multiple international exchanges, including London and the New York Stock Exchange (NYSE).
Today’s strong performance in the Aussie markets comes despite the 0.2% decline on the ASX 200 at this same time.
And it’s not just the BHP share price smashing the benchmark today.
Shares in rival ASX 200 miner Rio Tinto Ltd (ASX: RIO) are up…