Australian Stocks Increase 1.1% In Early Trading

Dow Jones
01/27

Stocks in Australia rose during early trading Tuesday, as the S&P/ASX 200 Benchmark Index added 1.1% to 8957.60.

Among local companies with a market cap of at least 15 billion Australian dollars ($10.37 billion), BHP Group is the biggest leader this morning, gaining 3.0%, and South32 gained 2.8%. REA Group rounds out the top three movers, as shares gained 2.6%.

PLS Group is the biggest early laggard, declining 1.7%, followed by shares of Qantas Airways, which slipped 0.9%. Shares of Scentre Group slipped 0.9%.

On the currency front, the WSJ Dollar Index held steady at 94.69. The U.S dollar held steady against the Australian dollar at 1.45 Australian dollars.

In the bond markets, the 10-year Australian government bond yield rose 0.86 basis point to 4.822%.

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