Australian Market Sharply Higher | Nasdaq

From Nasdaq: 2025-01-20 20:16:08

The Australian stock market is trading higher, with the S&P/ASX 200 up over 1% at 8,438.30. Major miners like BHP Group and Fortescue Metals are seeing gains, while oil stocks like Origin Energy are down. Tech stocks like Afterpay and Zip are also on the rise. The big four banks are up, with National Australia Bank leading the pack. Hub24 shares are up 14% after record platform net inflows, while Liontown Resources shares soar 10% on increased output. Novonix shares fall 6% after CEO steps down. The Aussie dollar is at $0.623. Wall Street was closed on Monday, European markets closed higher.



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