ASX 200 Rises 0.6% at Finish

The ASX 200 advanced 49 points or 0.6% to close at 8,736 on Tuesday, marking a third straight gain as stronger U.S. stock futures offset pressure from rising Treasury yields. Traders also digested fresh U.S. economic data while awaiting minutes from the Fed’s September meeting. Locally, sentiment was lifted by Australia's job ads rising for a fifth month last month, underscoring resilient labour demand despite the RBA’s rate hikes. However, the upside was limited by consumer confidence falling for a second month in October, reflecting higher fuel and borrowing costs. Commercial services, healthcare, and financials led the advance, with heavyweight BHP Group up 1.5%, while Rio Tinto added 1.4%. In the meantime, the big four banks added between 0.1% and 0.9%. In contrast, Codan Ltd. fell 4.7%, while tech lagged with Wisetech Global down 2.9%, Nextdc off 2.5%, and Technology One slipping 1.9%. Investors now look to September industry updates and final August building permits.