16 September 2025, 06:01 Australia: Shares Track Wall Street Higher, Materials Boost.
The ASX 200 rose 0.3% to 8,877 on Tuesday, rebounding from the previous session and taking cues from a strong performance on Wall Street. Market sentiment was buoyed by optimism surrounding US-China trade relations, after President Trump signaled that negotiations were progressing well. Contributing to the index's gains was a rally in the materials sector, with major miners posting solid performances, including BHP (1.2%), Rio Tinto (1.6%), and Fortescue (2%). Lithium producers also outperformed, with Liontown Resources climbing 3.2% and Pilbara Minerals adding 2.1%. Moreover, uranium stocks recorded particularly sharp gains, buoyed by news that the US and UK are set to sign an agreement to accelerate nuclear power station approvals. Bannerman Energy surged 14.9%, Lotus Resources climbed 11.4%, and Deep Yellow advanced 9.7%. On the downside, Super Retail Group slipped 2.6% after announcing the abrupt departure of its CEO.
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