On Tuesday, Australia stocks concluded the trading session on a positive note, with the S&P/ASX 200 gaining 0.50% and reaching a new 1-month high. The upward movement was driven by increases in the IT, Consumer Staples, and A-REITs sectors.
Among the top performers on the S&P/ASX 200 were Pointsbet Holdings Ltd, which rose by 6.67%, Mesoblast Ltd with a 6.48% increase, and Xero Ltd, up by 4.07%.
Conversely, Appen Ltd experienced a decline of 10.00%, Zip Co Ltd fell by 5.88%, and Omni Bridgeway Ltd dropped by 5.56%.
Falling stocks slightly outnumbered rising ones on the Sydney Stock Exchange, with 637 declining, 528 advancing, and 349 remaining unchanged.
Omni Bridgeway Ltd fell to a 5-year low during the session, experiencing a 5.56% decline.
In the commodities market, gold for February delivery increased by 0.34%, trading at $2,000.40 per troy ounce. Meanwhile, crude oil for January delivery rose by 0.73%, reaching $71.84 per barrel, and the February Brent oil contract increased by 0.66%, reaching $76.53 a barrel.
The AUD/USD pair remained unchanged at 0.66, while the AUD/JPY pair fell by 0.03%, reaching 95.97.
The US Dollar Index Futures dropped by 0.14%, settling at 103.56.