Australian shares rise 0.3% to 9,098 as BHP jumps 3.3%

Australian shares recovered from a four-day slide on Tuesday as bargain hunters returned after the ASX 200 touched a two-week low, with domestic sentiment helped by stronger August consumer confidence and reduced concern among mortgage holders about further rate hikes. The benchmark was indicated up 25 points, or 0.3%, to 9,098 earlier in the session, while it later closed nearly flat at 9,070, halting the losing streak. Support came from gains in healthcare, manufacturing and consumer durables, led by BHP Group, which rose 3% after beating profit forecasts and declaring its highest dividend in four years, and CSL, which surged almost 18% on strong 2027 growth guidance in its best session since 2001. Energy names including Woodside and Santos also advanced on firmer oil prices. The broader move was capped by softer U.S. stock futures amid stalled U.S.-Iran peace talks and by weaker July data from China, Australia's top trading partner, showing slowing momentum, weaker spending and rising unemployment. The big four banks underperformed, falling 0.3% to 1.3% after reporting sharp drops in home-loan applications following May's tax changes.

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