FX.co ★ Australian Shares Edge Higher as Resource Stocks Rally

The S&P/ASX 200 Index edged up by 0.2%, exceeding the 7,760 mark on Tuesday. This rise continued the previous session's upward trend, driven by stronger underlying prices which boosted commodity stocks on the resource-focused exchange. Australian stocks mirrored overnight advances seen on Wall Street, where investor confidence was buoyed by President Donald Trump's move to exempt key electronic goods from impending reciprocal tariffs. Furthermore, reports hinting at a possible suspension of the 25% tariffs on automobile imports enhanced risk appetite. However, this optimism was somewhat muted by developments from the US Commerce Department, which has initiated a national security investigation into semiconductor and pharmaceutical imports. This introduced a degree of caution in global markets. In Sydney, the rally was spearheaded by mining and energy sectors with significant gains from BHP Group (+1.2%), Lynas Rare Earths (+2.4%), Fortescue Metals (+0.7%), Woodside Energy (+0.8%), and Santos (+1.8%). Meanwhile, sectors such as financials, consumer, and technology showed a mixed performance and lacked a definitive trend.