Australian Shares Hit Over 1-Month High

2025-12-23 00:50 By Czyrill Jean Coloma 1 min. read

The S&P/ASX 200 climbed 1.1% to close at 8,796 on Tuesday, marking its highest level since mid-November, as strong performances in banking and mining stocks lifted the index.

Major banks led the gains, with Commonwealth Bank of Australia advancing 1.3%, Westpac Banking Corporation adding 0.7%, while National Australia Bank and ANZ Group Holdings both rose 0.4%.

The gains followed the Reserve Bank’s December meeting, which showed policymakers are evaluating whether a rate hike may be required in 2026.

However, officials noted it would take some time to gain sufficient clarity.

Mining stocks also outperformed amid higher iron ore and copper prices, with BHP Group adding 0.7% and Rio Tinto gaining 0.9%.

Meanwhile, trading activity is expected to remain muted through the end of the year, as Australian markets are set to close on Thursday and Friday for the holiday period.



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