Australian mining stocks jump as iron ore hits 1-month high
** Aussie mining stocks .AXMM rise as much as 2.7% to their highest level since mid-June
** Sub-index set for its best day since mid-September, if gains hold
** Iron ore futures hit a one-month high, helped by robust near-term demand, improved steel fundamentals, and hopes of more stimulus from top consumer China IRONORE/
** BHP Group BHP.AX climbs as much as 2.8% to its highest level in a month
** Rio Tinto RIO.AX and Fortescue FMG.AX jump as much as 2.5% and 3.7%, respectively
** As of last close, AXMM down 12.7% YTD vs a nearly 2% gain in the benchmark index .AXJO
Reporting by Himanshi Akhand in Bengaluru
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