Australian Shares Edge Higher as Energy Stocks and Miners Gain

Tue 15 Apr 25, 01:41 AM |

Image source: Shutterstock

Highlights

S&P/ASX 200 index rises 0.2% to 7,766.80 points on Tuesday.

Energy stocks and miners help offset losses in consumer discretionary firms.

U.S.-China trade tensions and political uncertainty weigh on market sentiment.

Australian shares saw modest gains on Tuesday, supported by energy stocks and miners, although the overall market remained restrained. The S&P/ASX 200 index (ASX: AXJO) was up by 0.2%, reaching 7,766.80 points by early afternoon.

Miners played a key role in the market's positive move, with the sector climbing 0.7%—its highest level in almost two weeks. The rally in iron ore and metal prices helped drive gains for major mining companies like Rio Tinto (ASX: RIO), BHP Group (ASX: BHP), and Fortescue Metals (ASX: FMG), whose shares rose between 0.5% and 1.5%.

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