Australian shares closed slightly higher on Tuesday, buoyed by a robust performance from technology stocks, while losses in miners and utilities limited broader gains.
The S&P/ASX 200 rose 27.7 points, or 0.3%, to close at 8,285.1, with eight of the 11 sectors finishing in positive territory.
The Information Technology sector led the gains, climbing 1.4% as Australian tech stocks tracked the Nasdaq’s 1% overnight rise.
Notable performers included Appen, up 5.4%, Novonix, gaining 6.7%, and SiteMinder, advancing 3.7%.
However, mining stocks continued to weigh on the index as iron ore prices slid below US$96 per tonne.
Fortescue Metals dropped 4.4%, while BHP and Rio Tinto fell 0.7% apiece.
Utilities were another weak spot as AGL Energy led the sector's losses, falling 1.8%, while Origin Energy lost 0.7% and Infratil dipped 0.9%.
On the bond markets, 10-year and 2-year yields were steady at 4.483% and 3.939%, respectively.