By Oliver Gray
Investing.com - The S&P/ASX 200 closed little changed at 7443.4 on Tuesday, easing from fresh 6-week highs during intraday deals as investors remained cautious amid rising long term bond yields and fears of persistent inflation.
In coronavirus news, New South Wales added 282 local cases today, while Victoria tallied 1510 cases. Meantime, the ACT added 12 cases and Queensland reported 2 fresh cases .
Among stocks, Mineral Resources Ltd (ASX:MIN) dropped 6.9% after flagging lower lithium shipping volumes and lower average prices received for Iron ore. Other miners closed mixed, with Rio Tinto Ltd (ASX:RIO) down 0.96%, BHP Billiton Ltd (ASX:BHP) adding 0.95%, Fortescue Metals Group Ltd (ASX:FMG) up 0.96% and South32 Ltd (ASX:S32) down 2.1%. Meantime, Crown Ltd (ASX:CWN) jumped 8.7% after a Royal Commission found the company unfit to run a casino, but recommended it keep its licence. Star Entertainment Group Ltd (ASX:SGR) shares added 4.34%.
On the bond markets, Australia 10-Year rates lifted to near 7-month highs of 1.813% while United States 10-Year yields were at 1.64%.
Investors will also be closely moinotring Australian inflation rate data due to be release early in tomorrow's session.
In New Zealand, the NZX 50 closed lower, falling 0.14% to 13075.