Sea of green as Aussie shares notch highest-ever close
The Advertisera day ago
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.
The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8.
The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July.
The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher.
On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said.
"We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP.
"Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets."
Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said.
Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80.
The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80.
Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks.
Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall.
Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher.
Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out.
Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment.
Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers.
The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm.
ON THE ASX:
* The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4
* The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.60 US cents, from 64.81 US cents on Monday .
* 95.17 Japanese yen, from 95.68 Japanese yen
* 55.93 euro cents, from 65.02 euro cents
* 48.65 British pence, from 48.80 British pence
* 109.68 NZ cents, from 109.60 NZ cents
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.
The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8.
The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July.
The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher.
On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said.
"We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP.
"Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets."
Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said.
Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80.
The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80.
Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks.
Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall.
Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher.
Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out.
Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment.
Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers.
The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm.
ON THE ASX:
* The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4
* The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.60 US cents, from 64.81 US cents on Monday .
* 95.17 Japanese yen, from 95.68 Japanese yen
* 55.93 euro cents, from 65.02 euro cents
* 48.65 British pence, from 48.80 British pence
* 109.68 NZ cents, from 109.60 NZ cents
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.
The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8.
The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July.
The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher.
On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said.
"We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP.
"Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets."
Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said.
Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80.
The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80.
Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks.
Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall.
Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher.
Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out.
Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment.
Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers.
The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm.
ON THE ASX:
* The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4
* The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.60 US cents, from 64.81 US cents on Monday .
* 95.17 Japanese yen, from 95.68 Japanese yen
* 55.93 euro cents, from 65.02 euro cents
* 48.65 British pence, from 48.80 British pence
* 109.68 NZ cents, from 109.60 NZ cents
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.
The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8.
The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July.
The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher.
On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said.
"We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP.
"Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets."
Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said.
Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80.
The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80.
Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks.
Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall.
Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher.
Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out.
Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment.
Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers.
The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm.
ON THE ASX:
* The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4
* The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.60 US cents, from 64.81 US cents on Monday .
* 95.17 Japanese yen, from 95.68 Japanese yen
* 55.93 euro cents, from 65.02 euro cents
* 48.65 British pence, from 48.80 British pence
* 109.68 NZ cents, from 109.60 NZ cents
The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8.
The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July.
The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher.
On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said.
"We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP.
"Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets."
Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said.
Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80.
The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80.
Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks.
Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall.
Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher.
Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out.
Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment.
Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers.
The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm.
ON THE ASX:
* The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4
* The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.60 US cents, from 64.81 US cents on Monday .
* 95.17 Japanese yen, from 95.68 Japanese yen
* 55.93 euro cents, from 65.02 euro cents
* 48.65 British pence, from 48.80 British pence
* 109.68 NZ cents, from 109.60 NZ cents
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.
The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8.
The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July.
The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher.
On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said.
"We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP.
"Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets."
Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said.
Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80.
The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80.
Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks.
Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall.
Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher.
Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out.
Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment.
Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers.
The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm.
ON THE ASX:
* The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4
* The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.60 US cents, from 64.81 US cents on Monday .
* 95.17 Japanese yen, from 95.68 Japanese yen
* 55.93 euro cents, from 65.02 euro cents
* 48.65 British pence, from 48.80 British pence
* 109.68 NZ cents, from 109.60 NZ cents
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.
The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8.
The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July.
The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher.
On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said.
"We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP.
"Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets."
Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said.
Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80.
The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80.
Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks.
Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall.
Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher.
Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out.
Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment.
Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers.
The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm.
ON THE ASX:
* The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4
* The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.60 US cents, from 64.81 US cents on Monday .
* 95.17 Japanese yen, from 95.68 Japanese yen
* 55.93 euro cents, from 65.02 euro cents
* 48.65 British pence, from 48.80 British pence
* 109.68 NZ cents, from 109.60 NZ cents
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns.
The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8.
The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July.
The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher.
On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said.
"We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP.
"Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets."
Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said.
Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80.
The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80.
Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks.
Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall.
Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher.
Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out.
Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment.
Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers.
The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm.
ON THE ASX:
* The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4
* The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8
CURRENCY SNAPSHOT:
One Australian dollar buys:
* 64.60 US cents, from 64.81 US cents on Monday .
* 95.17 Japanese yen, from 95.68 Japanese yen
* 55.93 euro cents, from 65.02 euro cents
* 48.65 British pence, from 48.80 British pence
* 109.68 NZ cents, from 109.60 NZ cents
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sky News AU
27 minutes ago
- Sky News AU
‘Absolute scam': Pauline Hanson torches net zero agenda for ‘destroying' industries
One Nation leader Pauline Hanson says the Albanese government's net zero push is 'destroying' Australian industries. Labor has been accused of 'kneecapping our own industries' by pursuing net zero, as a new report shows how local industry struggles against a foreign player which is not reducing emissions. 'It's been an absolute scam ... why are we offsetting our carbon emissions when we already have the resources there?' Ms Hanson told Sky News host Chris Kenny.
Sky News AU
an hour ago
- Sky News AU
Gina Rinehart rewards ‘amazing' Aussie swimmers with cash bonuses following dominant performance at World Aquatics Championships
Australian swimmers at the World Aquatics Championships who walked away with a medal or world record have received a cash reward from Gina Rinehart for their achievements. Mrs Rinehart has continued her private support of Australian swimming as they received a cash reward for claiming a medal or world record at the World Aquatics Championships in Singapore this year. An athlete who received gold in an individual event collected $20,000, silver $15,000 and bronze $10,000. A relay event saw a gold medalist receive $5,000pp, silver $3,750pp and bronze $2,500pp. And swimmers received $30,000 for a world record broken in an individual event and $7,500pp in a relay event. Swimming icon Kaylee McKeown walked away with $43,750, while champion swimmers Mollie O'Callaghan received $48,750 and Lani Pallister pocketed $30,000. Australia ranked second at the 2025 World Aquatics Championships and collected 15 gold, 12 silver and 10 bronze medals. Mrs Rinehart passed on her warmest congratulations to all the athletes who competed in Singapore. 'Few people truly understand the years of hard work, discipline and sacrifice required to compete at this level. To see Australia achieve second in the world – punching well above our population size – is amazing,' she said. 'This success also reflects the years of sacrifice from parents, coaches and volunteers behind the scenes who help make these records possible. 'I'm delighted to once again provide financial bonuses to our medal winners in the sports where I'm patron. It's a way of saying thank you and showing appreciation for their dedication and achievements for our country, and for helping to build national pride.' Mrs Rinehart along with Hancook Prospecting have supported swimming for more than 30 years. They are the largest private supporters of Australian Olympic sports. Mrs Rinehart was awarded an Order of Merit by the Australian Olympic Committee in 2014.
Sky News AU
an hour ago
- Sky News AU
‘Broad gains' across sharemarket as ASX 200 breaks new high
Sky News Business Reporter Edward Boyd says the ASX 200 took off this morning – thanks to mining and energy stocks. 'There were broad gains across most sectors. Utilities struggled,' Mr Boyd said. The ASX 200 broke through the 8800 points barrier for the first time and finished the day up 0.84 per cent.
