Australia’s benchmark S&P/ASX 200 index climbed modestly on Tuesday, extending a winning streak across three consecutive sessions on positive Wall Street cues.
The S&P/ASX 200 Index gained 14.90 points or 0.17 percent to reach 9,034.20, having earlier touched a session high of 9,045.50 during trading.
The broader All Ordinaries Index also moved upward, adding 20.40 points or 0.22 percent to sit at 9,198.80 during Tuesday’s session.
Technology stocks were among the strongest performers, with Xero advancing more than 3 percent and Appen surging more than 4 percent on the day.
Afterpay owner Block edged up 0.3 percent, WiseTech Global gained more than 1 percent, and Zip added almost 3 percent to the tech sector rally.
The big four banks delivered solid gains, with ANZ Banking and National Australia Bank rising more than 1 percent each, while Commonwealth Bank and Westpac added almost 1 percent each.
Among major miners, Mineral Resources gained more than 2 percent and Fortescue edged up 0.2 percent, while BHP Group dropped nearly 2 percent and Rio Tinto slipped 0.2 percent.
Energy stocks broadly retreated, with Beach Energy and Origin Energy each losing almost 1 percent, while Santos and Woodside Energy edged down between 0.3 and 0.5 percent.
Gold miners were mostly positive, with Newmont adding more than 1 percent and Evolution Mining, Genesis Minerals, and Northern Star Resources each edging up 0.1 to 0.3 percent.
The Australian dollar was trading at $0.700 against the US dollar on Tuesday, as markets digested overnight global developments.
Wall Street provided the positive overnight backdrop, with the Nasdaq surging 540.04 points or 2.1 percent to close at 25,913.90 on Monday.
The S&P 500 shot up 110.78 points or 1.5 percent to 7,600.50, while the Dow jumped 693.38 points or 1.3 percent to settle at 53,178.41.
European markets showed a mixed result, with Germany’s DAX jumping 1.5 percent and France’s CAC 40 rising 1.2 percent, though the UK’s FTSE 100 edged down 0.1 percent.
Crude oil prices fell sharply, with West Texas Intermediate crude for September delivery dropping $4.77 or 5.63 percent to $79.90 per barrel on diminishing supply disruption fears.
President Donald Trump’s decision to call off a planned attack on Iran was cited as a key factor behind the steep slide in crude oil prices overnight.
