ASX 200 Reverses Early Losses to Close Higher
The ASX 200 added 21 points, or 0.2%, to close at 9,030 on Monday, swinging from early losses amid gains in non-energy minerals, tech, and logistics. Stronger U.S. stock futures lifted sentiment as traders assessed the tech sector's recovery ahead of key inflation data and earnings from major AI companies. Locally, RBA data showed the value of transactions through Australia's New Payments Platform jumped 29% yoy in September. In main trading partner China, annual inflation slowed to a three-month low of 0.7% in October, while producer prices rose the most in over four years amid firmer commodity prices and improving industrial demand. Goodman Group gained 1.9% after partnering with Digital Realty to buy a 9.9% stake in NextDC. Gold miners also advanced, led by Evolution Mining (5.3%) and Northern Star Resources (0.8%), while mining giant BHP climbed 2.9%. In contrast, all four big banks fell, with ANZ down 3.4% after reporting slightly weaker-than-expected FY 2026 operating income.
The ASX 200 added 21 points, or 0.2%, to close at 9,030 on Monday, swinging from early losses amid gains in non-energy minerals, tech, and logistics. Stronger U.S. stock futures lifted sentiment as traders assessed the tech sector's recovery ahead of key inflation data and earnings from major AI companies. Locally, RBA data showed the value of transactions through Australia's New Payments Platform jumped 29% yoy in September.
In main trading partner China, annual inflation slowed to a three-month low of 0.7% in October, while producer prices rose the most in over four years amid firmer commodity prices and improving industrial demand. Goodman Group gained 1.9% after partnering with Digital Realty to buy a 9.9% stake in NextDC. Gold miners also advanced, led by Evolution Mining (5.3%) and Northern Star Resources (0.8%), while mining giant BHP climbed 2.9%. In contrast, all four big banks fell, with ANZ down 3.4% after reporting slightly weaker-than-expected FY 2026 operating income.