By Oliver Gray
Investing.com - The S&P/ASX 200 gained 57.50 points or 0.78% to 7,410.60 during Tuesday’s session, successfully snapping two sessions of consecutive declines as a rebound in iron ore prices overnight boosted heavyweight mining stocks, while major financial companies also lifted amid rising long term bond yields.
Financials lifted, with Macquarie Group Ltd (ASX: MQG ) up 0.22%, Commonwealth Bank Of Australia (ASX: CBA ) adding 1.22%, Australia and New Zealand Banking Group Ltd (ASX: ANZ ) up 1.72%, National Australia Bank Ltd (ASX: NAB ) gaining 0.78% and Westpac Banking Corp (ASX: WBC ) lifting 0.55%.
The tech sector was mostly lower, as Appen Ltd (ASX: APX ) fell 3.47%, Afterpay Touch Group Ltd (ASX: APT ) dipped 5.42%, Zip Co Ltd (ASX: Z1P ) fell 2.88%, Xero Ltd (ASX: XRO ) lost 3.41% and Technology One Ltd (ASX: TNE ) shed 2.86%.
Meantime, 4Dmedical Ltd (ASX: 4DX ) surged 14.58% after the company confirmed the commercial launch of its lung tracker tech in Australia. Brainchip Holdings Ltd (ASX: BRN ) closed 4.62% lower, following recent news that the company has partnered with MegaChips to develop the BrainChip Akida IP. Telstra Corporation Ltd. (ASX: TLS ) finished the session 0.25% higher to close at a fresh 4-year high.
In New Zealand, the NZX 50 gained 0.64% to 12,689.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.