Australian Stocks Rise 0.8% in Early Trading

Dow Jones
07/31

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Australia rose during early trading Friday, as the S&P/ASX 200 Benchmark Index rose 0.8% to 9042.30.

Among local companies with a market cap of at least 15 billion Australian dollars ($10.55 billion), Evolution Mining is the biggest leader this morning, increasing 4.1%, and South32 increased 3.3%. BHP Group rounds out the top three movers, as shares rose 2.8%.

QBE Insurance Group is the biggest early laggard, dropping 2.2%, followed by shares of CSL, which fell 2.1%. Shares of Suncorp Group fell 1.8%.

The U.S dollar held steady against the Australian dollar at 1.42 Australian dollars.

In the bond markets, the 10-year Australian government bond yield fell 5.35 basis points to 4.953%.

Data source: Dow Jones Market Data, FactSet

 

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