The S&P/ASX 200 edged 0.1% higher to around 9,040 in Tuesday morning trade, snapping a two-session losing streak as strength in gold miners offset weakness in technology shares. Northern Star Resources led gains in the sector, jumping nearly 4.5%, while Evolution Mining climbed 3.8%, both supported by firmer bullion prices as investors sought safe-haven assets amid rising trade uncertainty.
US President Donald Trump warned that any country that “plays games” with a recent Supreme Court ruling that struck down his imposed tariffs would face higher duties. The broader mining sub-index also advanced, with heavyweights BHP Group and Rio Tinto gaining 1.9% and 1.1%, respectively.
Energy stocks were firmer as well, with oil and gas producer Woodside Energy adding 1.9% after beating full-year profit expectations. In contrast, technology names tracked their Wall Street counterparts lower, as concerns about AI-driven disruption spurred selling in companies viewed as vulnerable to displacement. Wisetech Global and Xero each fell more than 2%.
