The Australian sharemarket finished Monday's session on a positive note, with technology and real estate stocks driving broad-based gains following the temporary easing of United States tariffs on Chinese consumer electronics.
The S&P/ASX 200 climbed 102.1 points, or 1.3%, to 7,748.6, with 10 of 11 sectors trading higher.
The market rally was supported by a boost in risk appetite after the Trump administration announced on Friday (Saturday AEST) that it would temporarily exclude a range of electronics - including computer hardware and smartphones - from new import tariffs.
While the move was seen as a reprieve for major tech firms such as Apple and Nvidia, the White House later clarified that the exclusion was temporary, with a new tariff on semiconductors expected to be introduced in the coming months.
Technology stocks on the ASX saw renewed investor interest, with WiseTech Global gaining 3.1%, Xero adding 2.3%, and TechnologyOne advancing 2.8%.
Real estate stocks also performed well, with Goodman Group up 2.4%, Stockland gaining 2%, Charter Hall up 1.1%, and Mirvac gaining 1.9%.
Miners added momentum through the session as iron ore prices rose amid optimism over progress in U.S.-China trade talks.
BHP, Rio Tinto, and Fortescue Metals added 2.7%, 1.4%, and 0.9%, respectively.
Gold miners extended their rally from Friday, buoyed by record gold prices. Newmont added 4.5%, Westgold Resources lifted 3.7%, Northern Star Resources gained 1.2%, and Chalice Mining added 6.8%.
In corporate news, Neuren Pharmaceuticals surged 21.1% after the U.S. Food and Drug Administration endorsed the results of a key clinical trial, clearing the path for final approval later this year.
Defence technology firm DroneShield jumped 16.3% after it announced five repeat contracts totalling A$32.2 million from a “close military ally of Australia in the Asia-Pacific region”.
Meanwhile, in bond markets, yields eased. The 10-year and 2-year Australian government bond yields fell 1.5% and 2.1% to 4.372% and 3.321%, respectively,
