By Oliver Gray
Investing.com - The S&P/ASX 200 rallied 113.4 points or 1.7% to 6976.9 during Tuesday's trading session as the Reserve Bank raised interest rates in line with expectations.
Among stocks, Materials rallied 2.6% as Rio Tinto Ltd (ASX:RIO) added 2.6%, BHP Group Ltd (ASX:BHP) gained 2.8%, Fortescue Metals Group Ltd (ASX:FMG) lifted 5.4% and Champion Iron Ltd (ASX:CIA) added 3%.
Utilities gained 2.5% with Origin Energy Ltd (ASX:ORG) up 4% and AGL Energy Ltd (ASX:AGL) gained 4.6%.
Real Estate lifted 2.2% as Goodman Group (ASX:GMG) added 3.8%, Charter Hall Group (ASX:CHC) gained 3.9%, Stockland Corporation Ltd (ASX:SGP) lifted 0.6% and Mirvac Group (ASX:MGR) advanced 1.9%.
On the bond markets, Australia 10-Year rates were at 3.771% while United States 10-Year rates were at 4.036%.
In New Zealand, the NZX 50 fell 0.2% to 11,316.6.