By Oliver Gray
Investing.com - The S&P/ASX 200 added 45.2 points or 0.7% to 7,009.7 during Tuesday’s trading session, extending gains for the fourth consecutive session and closing at fresh 2-week highs as 9 of 11 sectors lifted amid easing bond yields ahead of key U.S. inflation data.
Among stocks, Energy led the gains, up 1% as Woodside Energy Ltd (ASX:WDS) gained 0.9%, Beach Energy Ltd (ASX:BPT) gained 0.3%, Santos Ltd (ASX:STO) lifted 1.6% and Viva Energy Group Ltd (ASX:VEA) added 2.2%.
Information Technology dipped 0.3% overall as Block Inc (ASX:SQ2) finished flat, Appen Ltd (ASX:APX) added 0.8%, Megaport Ltd (ASX:MP1) gained 0.6% Novonix Ltd (ASX:NVX) added 6.7% and Brainchip Holdings Ltd (ASX:BRN) gained 5.8%. Meantime, Link Administration Holdings Ltd (ASX:LNK) tanked 20.1% amid rising fears that a proposed $2.5 billion buyout would be jeopardized by a British financial regulator demand.
Ramsay Health Care Ltd (ASX:RHC) also retreated 10.4% after a consortium led by KKR vetoed a cash increase in its takeover proposal.
On the bond markets, Australia 10-Year rates were at 3.593%, while United States 10-Year yields were at 3.325%.
In New Zealand, the NZX 50 fell 0.4% to 11,762.2.