Australian market trading higher with mining, energy, and tech stocks leading gains

From Nasdaq: 2025-01-01 21:44:04

The Australian market is trading higher, with the S&P/ASX 200 nearing the 8,200 level. Mining, energy, and technology stocks are leading the gains. Major miners like Fortescue Metals and Mineral Resources are up, while oil stocks like Beach Energy and Santos are also rising. In the tech sector, Afterpay owner Block is down, but WiseTech Global and Appen are surging. Among the big four banks, National Australia Bank is up slightly. Gold miners like Evolution Mining and Resolute Mining are also seeing gains. Australia’s CoreLogic Home Value Index declined by 0.1% in December 2024, while the Judo Bank Australia Manufacturing PMI fell to 47.8 in December. The Aussie dollar is trading at $0.621.



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