ASX 200 Finishes 0.1% Higher as Materials Lift, Tech Dips

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ASX 200 Finishes 0.1% Higher as Materials Lift, Tech Dips
Credit: © Reuters.

By Oliver Gray 

Investing.com - The S&P/ASX 200 added just 6.2 points or 0.08% to 7412.4 during Monday’s session, closing a fresh 2-month highs with Material and Financial sectors are adding the most points, while Information Technology was hit amid higher bond yields.

Among stocks, Rio Tinto Ltd (ASX: RIO ) added 1.37%, BHP Billiton Ltd (ASX: BHP ) gained 2.31%, Fortescue Metals Group Ltd (ASX: FMG ) added 0.78%, Champion Iron Ltd (ASX: CIA ) gained 2.21%, Avz Minerals Ltd (ASX: AVZ ) lifted 3.95%, Lynas Rare Earths Ltd (ASX: LYC ) gained 2.22%, OZ Minerals Ltd (ASX: OZL ) added 0.86% and European Lithium Ltd (ASX: EUR ) lifted 7.14%.

Macquarie Group Ltd (ASX: MQG ) added 1.12%, Australia and New Zealand Banking Group Ltd (ASX: ANZ ) lifted 0.65%, National Australia Bank Ltd (ASX: NAB ) gained 0.79%, Westpac Banking Corp (ASX: WBC ) added 1.18% and Commonwealth Bank Of Australia (ASX: CBA ) increased 0.21%.

Meantime, Block Inc (ASX: SQ2 ) dipped 3.72%, Appen Ltd (ASX: APX ) fell 3.58%, Megaport Ltd (ASX: MP1 ) lost 2.62%, Novonix Ltd (ASX: NVX ) fell 4.71%, Xero Ltd (ASX: XRO ) lost 5.16%, Brainchip Holdings Ltd (ASX: BRN ) dipped 5.73% and Wisetech Global Ltd (ASX: WTC ) dropped 4.11%.

Among currencies, the Aussie is still hovering around five-month highs at 75.04 while the US Dollar Index was near fresh 22-month highs of 99.189. Oil prices have eased slightly, with WTI Futures down 3.57% and Brent Oil Futures down 3.2%.

On the bond markets, Australia 10-Year yields eased slightly from fresh 46-month highs of 2.897% while United States 10-Year rates were at 34-month highs of 2.533%.

In New Zealand, the NZX 50 lost 1.21% to 11,910.

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