Australian Stocks Reach New Heights on Tech-Driven Gains
Australian stocks have continued their upward trend, reaching new heights as they surpassed their highest level in over a week. On Tuesday morning, shares advanced by 46 points or 0.5% to 9,148.
The gains were led by sectors such as tech, manufacturing, energy minerals, and non-energy minerals, which experienced significant growth. However, some weakness was observed in the healthcare and industrial services sectors, capping the overall gains.
Investors are looking ahead to several key events this week, including Federal Reserve Chair Warsh's speech at Jackson Hole and a crucial U.S. inflation report. Locally, the Reserve Bank's latest meeting minutes will be released later today, which may provide insight into their monetary policy decisions.