FRX/ Biotech major CSL Ltd CSL.AX rose as much as 2.7%, hitting its highest since November 2021. Australian markets have priced in at least two more 25 basis-point rate hikes during this tightening cycle after inflation jumped to a 33-year high in the fourth quarter. Heavyweight mining stocks .AXMM fell 1.8% and were the biggest drag on the benchmark index, after iron ore prices hit a two-week low on Thursday amid concerns about China demand recovery.