Australian stock market up in mid-market trading, with financial and tech stocks gaining

From Nasdaq: 2025-01-23 21:47:40

The Australian stock market is up in mid-market trading, with the S&P/ASX 200 moving above 8,400. Financial and tech stocks are gaining, while mining and energy stocks are weaker. Major miners like Fortescue Metals and Rio Tinto are mixed, while oil stocks are mostly down. Tech stocks like Appen and Xero are up, while Kogan.com shares are down over 12%. 4DMedical shares jumped over 7% after a deal with Qscan Radiology, while Synlait Milk shares surged over 25% on boosted guidance. Manufacturing sector in Australia contracted in January, with a PMI score of 49.8. Services PMI slipped to 50.4.



Read more at Nasdaq: Australian Market Maintains Gains In Mid-market