Australian shares climb on bank, miner gains; tech surges
Australian shares edged higher on Tuesday, led by gains in banks and miners, while technology stocks surged nearly 4% in their best session since late August. The S&P/ASX 200 index rose 0.3% to 8,759.60, with the resources sub-index up 0.4% and financials up 0.2%.
Sept 22 (Reuters) — Australian shares rose modestly on Tuesday, underpinned by gains in index heavyweight banks and miners, as declining oil prices brought investors back to risk assets. 60 by 0014 GMT, after closing little changed on Monday. Oil prices fell below $100 a barrel overnight on hopes for a diplomatic breakthrough between Iran and the United States and a partial recovery in shipments from top exporter Saudi Arabia. S.
Treasury yields overnight. US/ However, markets largely expect the Reserve Bank of Australia (RBA) to raise interest rates again next week to tame stubborn inflation that remains above its target range. 0#AUDIRPR RBA Assistant Governor Sarah Hunter reiterated that rates might have to rise for a fourth time this year to ensure inflation was reined in. 4%, recouping some losses from the previous session on strong iron ore and copper prices.
3%. 7%, respectively. 4%. 4%, respectively.
9% and were on track for their steepest daily gain since late August, after the tech-heavy Nasdaq Composite notched a record high overnight. Sector leaders WiseTech Global and Xero surged about 4% each. 9%. 8%, respectively.
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