The major exporters are mixed, with Sony edging up 0.1 percent, while Panasonic and Canon are losing almost 1 percent each. In the banking sector, Mitsubishi UFJ Financial is flat and Sumitomo Mitsui Financial is edging down 0.1 percent, while Mizuho Financial is edging up 0.1 percent. In the tech space, Advantest and Tokyo Electron are gaining almost 1 percent each, while Screen Holdings is edging up 0.5 percent. In other news, shares in Ramsay Health Care are plunging more than 10 percent after reports that the consortium led by KKR was no longer pursuing a takeover of the Australian hospitals operator. Evolution Mining is gaining almost 2 percent, Gold Road Resources is advancing almost 4 percent, Northern Star Resources adding almost 3 percent, Resolute Mining is rising more than 4 percent and Newcrest Mining is edging up 0.5 percent.Īmong the big four banks, Commonwealth Bank, National Australia Bank, Westpac and ANZ Banking are gaining almost 1 percent each. Afterpay owner Block is up almost 1 percent. Origin Energy is gaining almost 1 percent and Woodside Energy is adding almost 2 percent, while Beach energy and Santos are advancing more than 2 percent each.Īmong tech stocks, Appen and Zip are gaining almost 2 percent each, while Xero and WiseTech Global are adding more than 2 percent each. Australian stocks closed significantly higher on Monday.Īmong the major miners, Rio Tinto and Fortescue Metals are edging up 0.4 percent each, while Mineral Resources is gaining more than 2 percent and OZ Minerals is adding almost 1 percent. The broader All Ordinaries Index is up 40.10 points or 0.56 percent to 7,248.30. The benchmark S&P/ASX 200 Index is gaining 38.50 points or 0.55 percent to 7,003.00, after touching a high of 7,010.00 earlier. The Australian stock market is modestly higher on Tuesday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 breaking above the 7,000 mark, following the broadly positive cues from global markets overnight, with strength across most sectors, led by energy stocks amid spiking crude oil prices.ĭata showing a rise in Australia's consumer sentiment for the first time since November 2021 is also aiding market sentiment. However, the data is not likely to impact the expected 75 basis point interest rate hike by the Federal Reserve next week. The report is expected to show a continued slowdown in the annual rate of consumer price growth. Asian markets closed mostly higher on Monday. The optimism about a slowdown in inflation triggered some buying in the market. inflation data later in the day for more clues about the Fed's interest rate move at the upcoming policy meeting later this month. ![]() (RTTNews) - Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from global markets overnight, as traders remain cautious while they await the release of the U.S.
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