The Australian share market ended in positive territory on Tuesday, buoyed by gains in technology stocks as investors welcomed reports that the United States may take a more targeted approach to reciprocal tariffs.
The S&P/ASX 200 rose 5.60 points or 0.1% to close at 7,942.5.
Six of 11 sectors finished higher, with the technology sector leading gains, rising 1.9%.
Among major tech names, Megaport advanced 2%, Computershare gained 0.5%, Xero climbed 1.3%, Wisetech Global surged 3.8%, and Block added 0.8%.
The healthcare sector also strengthened 1%, with CSL up 1.4%, Fisher & Paykel Healthcare rising 1.9%, and ResMed gaining 1.5%.
In contrast, the mining sector weighed on the index, with Rio Tinto slipping 0.3%, BHP losing 0.7%, and Fortescue Metals declining 1.3%.
Meanwhile, Gold Road Resources surged 13.9% after rejecting an unsolicited $3.3 billion takeover bid from Gold Fields.
Meanwhile, James Hardie tumbled 5%, closing at fresh 21-month lows as investors reacted negatively to concerns that the company’s $14 billion bid for Azek was excessive.
On the bond markets, yields moved lower, with 10-year rates falling 0.8% to 4.429% and 2-year yields declining 1% to 3.741%.
