Broad-Based Rally Lifts ASX 200 to Five-Month High

2026-08-04 07:00 By Farida Husna 1 min. read

Australia's ASX 200 extended its winning streak to a third straight session on Tuesday, climbing 127 points, or 1.4%, to close at 9,149, its highest level since early March.

Sentiment improved amid stronger U.S.

stock futures following Wall Street's rally Monday, supported by easing crude oil prices that helped boost risk appetite.

Locally, personal spending rose 0.8% mom in June, easily exceeding the consensus of 0.2%.

However, gains were capped by caution ahead of key trade data due later this week from both Australia and its largest trading partner, China.

Buying was broad-based, with tech, logistics, and healthcare leading the gain.

The big four banks rose between 1.7% and 2.7% after Morgan Stanley said the sector was poised to log strong earnings.

Charter Hall Infrastructure REIT jumped 8.6% after reporting a 12.6% rise in annual operating earnings.

Tech stocks tracked their U.S.

peers higher, with Xero (3.5%), Technology One (3.3%), and WiseTech Global (3.0%) posting solid gains.



News Stream
Broad-Based Rally Lifts ASX 200 to Five-Month High
Australia's ASX 200 extended its winning streak to a third straight session on Tuesday, climbing 127 points, or 1.4%, to close at 9,149, its highest level since early March. Sentiment improved amid stronger U.S. stock futures following Wall Street's rally Monday, supported by easing crude oil prices that helped boost risk appetite. Locally, personal spending rose 0.8% mom in June, easily exceeding the consensus of 0.2%. However, gains were capped by caution ahead of key trade data due later this week from both Australia and its largest trading partner, China. Buying was broad-based, with tech, logistics, and healthcare leading the gain. The big four banks rose between 1.7% and 2.7% after Morgan Stanley said the sector was poised to log strong earnings. Charter Hall Infrastructure REIT jumped 8.6% after reporting a 12.6% rise in annual operating earnings. Tech stocks tracked their U.S. peers higher, with Xero (3.5%), Technology One (3.3%), and WiseTech Global (3.0%) posting solid gains.
2026-08-04
Australian Equities Rise for Third Session
Australian shares extended their winning streak on Tuesday, with the benchmark rising 42 points, or 0.5%, to 9,061 in early trade, marking a third straight session of gains. The advance tracked Wall Street’s overnight rally, as easing US-Iran tensions pressured oil and Treasury yields lower. Locally, upbeat July factory activity and June private credit data added to investor optimism. However, caution lingered ahead of trade figures due later this week from Australia and top trading partner China. Sectoral strength was broad, led by tech, financials, healthcare, and process industries. Qantas edged up 0.3% after agreeing to sell its minority stake in Jetstar Japan, unlocking about AUD 115 million for reinvestment. The four big banks gained between 0.7% and 1.4%. Other notable movers were Xero Ltd. (3.0%), Pro Medicus (1.5%), and Lynas Rare Earths (1.4%). Traders now await June household spending figures due later today, a key domestic demand gauge that may shape sentiment.
2026-08-04
ASX 200 Turns Early Weakness to Close Higher
The ASX 200 advanced 43 points, or 0.5%, to end at 9,019 on Monday, reversing early declines and extending last week’s momentum. Investor sentiment improved after U.S. stock futures rallied, buoyed by President Trump’s decision to hold off on further action against Iran. Locally, July factory activity in Australia was revised higher, supported by easing inflation. In main trading partner China, policymakers pledged continued monetary support in H2 2026, vowing to maintain liquidity and adjust tools as needed. Domestic earnings season also drew focus, with AMP, Nick Scali, James Hardie and REA Group set to report, offering insight into corporate resilience amid the five-month Iran war. 4DMedical surged 9.1% to lead health names, while Treasury Wine Estates rose 5.9% atop consumer staples. Three of the big four banks gained between 0.2% and 0.8%. In contrast, energy stocks lagged as oil prices slipped, with Woodside down 1.4% and Santos off 1.9%.
2026-08-03