By Oliver Gray
Investing.com - The S&P/ASX 200 was 0.2% higher in Tuesday’s mid-morning deals, retracing losses of 0.25% in the previous session amid a rebound in tech shares ahead of the RBA’s key monetary policy meeting later in the session.
ASX 200 Futures were 0.06% lower.
Among stocks, the Technology sector was up 3.15%, with Brainchip Holdings Ltd (ASX:BRN) up 11.93%, Altium Ltd (ASX:ALU) adding 2.24%, Xero Ltd (ASX:XRO) gaining 2.38%, Appen Ltd (ASX:APX) up 4.37%, and Novonix Ltd (ASX:NVX) adding 4.67%.
Block Inc (ASX:SQ2) and Zip Co Ltd (ASX:Z1P) also extended gains from the previous session, adding 9.18% and 7.62% respectively.
Meantime, the Materials sector was trading about 1% lower as Rio Tinto Ltd (ASX:RIO) dropped 2.18%, BHP Billiton Ltd (ASX:BHP) lost 2.62%, Fortescue Metals Group Ltd (ASX:FMG) fell 1.16% and Champion Iron Ltd (ASX:CIA) lost 2.02%.
However, rare earth miners lifted as Arizona Lithium Ltd (ASX:AZL) popped 14.29%, Avz Minerals Ltd (ASX:AVZ) gained 8.57% and Magnis Resources Ltd (ASX:MNS) added 6.12%.
Among commodities, Oil was steady at 89.3, Gold Futures were steady at 1797.2 and Iron ore ticked 0.65% higher.
On the bond markets, Australia 10-Year rates were higher at 1.926% while United States 10-Year yields were at 1.789%.
In New Zealand, the NZX 50 added 0.78% to 11,982.