Australian shares recoup losses, end higher on energy boost

australian shares, australian stock markets, australian shares today, ASX 200, ASX 200 share price

Australian shares closed higher on Tuesday, boosted by energy stocks, although gains were capped by weakness in global markets over fears of a potential debt default by China Evergrande Group.

The S&P/ASX 200 index, which dropped as much as 0.8% during the session, closed 0.4% higher at 7,273.8. The benchmark index had dropped more than 2% on Monday to record its worst day in seven months.

Energy stocks added nearly 1.5% – their best session in a week – as oil prices jumped on signs of U.S. supply tightness.

Major oil and gas explorer Santos Ltd advanced 1.1%, while peer Woodside Petroleum closed 1.7% higher.

Heavyweight miners snapped a four-day losing streak and rose 0.3%, with world’s largest miner BHP Group Ltd adding 0.6%.

Gold stocks, which fell in the last three sessions, gained even after bullion prices weakened.

Keeping gains in check were global worries that the impact of indebted developer China Evergrande could ripple across the world economy and markets.

Back home, the Australian central bank is concerned that the spread of the Delta coronavirus variant could slow the economy’s recovery once lockdowns ease, although it still expects strong growth to resume next year.

AusNet Services Ltd soared nearly 10% to hit a record high, while APA Group touched an 18-month low.

APA Group made a revised bid of A$9.96 billion ($7.22 billion) for AusNet, intensifying a battle with Canada’s Brookfield Asset Management to acquire the energy infrastructure firm.

New Zealand’s benchmark S&P/NZX 50 index closed flat at 13,176.94.

Internet Explorer Channel Network
News Related

OTHER NEWS

Black Hollywood Is Snapping Up Paintings by This Young Artist

Tricia Beanum, Corey Pemberton and Sarah Griffin at UNREPD As art collectors such as Cynthia Erivo, Lena Waithe, Rich Paul, and Swizz Beats and Alicia Keys snap up his work, ... Read more »

Virginia GOP gubernatorial nominee Glenn Youngkin rejects 'weird and wrong' pledge to a US flag 'carried' on Jan. 6

© AP Photo/Steve Helber Former White House chief strategist Steve Bannon gestures during a speech at the “Take Back Virginia” rally in Henrico County, Va., on September 13, 2021. AP ... Read more »

Nazanin Zaghari-Ratcliffe loses appeal against jail sentence in Iran

© DANIEL LEAL-OLIVAS Richard Ratcliffe and his daughter Gabriella pose with placards of jailed British-Iranian aid worker Nazanin Zaghari-Ratcliffe on September 23 at an event in Parliament Square, London, to ... Read more »

Farah Khan Ali teaches millennial language to NCB after Aryan Khan's texts come under scrutiny

Farah Khan Ali teaches millennial vocabulary to NCB. The Narcotics Control Bureau (NCB) opposed Aryan Khan’s bail plea on Thursday (October 14), arguing that Aryan Khan was planning to have ... Read more »

Super Junior's Eunhyuk and Kyuhyun in Dubai: 'It's been a long time since we met our fans'

© Provided by The National Eunhyuk, left and Kyuhyun, centre, members of the K-pop boy band Super Junior, performed at The Pointe in Dubai Super Junior’s Eunhyuk and Kyuhyun were ... Read more »

Awang Ahmad Sah Ketua Penerangan Warisan baharu

© Provided by Sinar Harian KOTA KINABALU – Ahli Dewan Undangan Negeri (ADUN) Petagas, Datuk Awang Ahmad Sah Sahari dilantik sebagai Ketua Penerangan Parti Warisan Sabah (Warisan) yang baharu. Pelantikan ... Read more »

‘Next stop, Ohio': Video shows MTA bus booking it down Midwest highway

Although the bus was spotted in the Midwest, it wasn’t on the run, according to an MTA spokesperson. Reddit We’re not in Manhattan anymore! A video of an MTA bus ... Read more »

157 new medical colleges approved since 2014: MoHFW to RTI query

Representative image A total of 157 new medical colleges have been approved under a centrally-sponsored scheme in the country since 2014 and funds of 17,691.08 crore spent on it, according ... Read more »

Duterte to partymates: Ensure integrity of elections

© Screengrab from RTVM video President Duterte addresses PDP-Laban partymates in Iligan City (October 16, 2021) President Rodrigo Duterte on Saturday urged his PDP-Laban partymates to ensure the integrity of ... Read more »

Tumultuous time in NY helped prepare Geno Smith for new opportunity

There were moments in New York when it must have seemed to Geno Smith that he had been hit by one sucker punch after another, the worst one in his ... Read more »

Brentford vs Chelsea LIVE: Stream, TV channel, teams and kick-off time – Loftus-Cheek and Sarr start in Premier League

PREMIER LEAGUE newboys Brentford welcome Chelsea in a West London derby this weekend. The Bees have made an excellent start to the season, taking 12 points from a possible 21 ... Read more »

Woman dragged into car outside Co-op before being driven away as cops arrest man, 37, on suspicion of kidnap

A WOMAN fled from a car after she was kidnapped outside a Co-op and driven for a mile. The victim, who is in her 40s, managed to escape her captors ... Read more »

I bid on more than 650 council houses – but never got ONE in five years… and I was burgled TWICE while waiting

A SINGLE mum has revealed how she made more than 650 bids on council houses – but never got ONE in five years. Melissa Fitzharris, from Birmingham, was even burgled ... Read more »

Woman raped on train as bystanders did nothing, police say

UPPER DARBY, Pa. (AP) — A woman was raped by a stranger on a commuter train in suburban Philadelphia in the presence of other riders who a police official said ... Read more »

Tesla's Musk dials into Volkswagen executive conference

1 / 2Tesla’s Musk dials into Volkswagen executive conferenceFILE PHOTO: Herbert Diess, CEO of German carmaker Volkswagen AG, poses in an ID.3 pre-production prototype FRANKFURT (Reuters) – Tesla boss Elon ... Read more »

The CDC's Title 42 order fuels racism and undermines public health

America’s top physician, Dr. Anthony Fauci, had a message for Republican officials who scapegoat immigrants for coronavirus spread: © Getty Images The CDC’s Title 42 order fuels racism and undermines ... Read more »

Where to find Ipe's Lost Charm in Genshin Impact – Secret Tsurumi Island quest

After players have completed the full Through the Mists questline on Tsurumi Island in Genshin Impact, they will find some small changes on the island. Players who travel to the ... Read more »

A restaurant owner mistook a teenager's Lego gun for a real weapon, sparking a major police operation, reports say

© Provided by Business Insider Officers rushed to the scene in southern Germany. Photo by Fabian Sommer/picture alliance via Getty Images A teenager carrying a Lego gun sparked a large-scale ... Read more »

Missing woman in German floods found dead in Netherlands

© Provided by New Straits Times BERLIN: The body of a woman reported missing in deadly floods that struck western Germany in July has been found in Rotterdam, likely transported ... Read more »

Klopp: Right now, Salah best in the world

© Getty Mohamed Salah is the best player in the world, says Jurgen Klopp Liverpool manager Jurgen Klopp says, on current form, Mohamed Salah is the best player in the ... Read more »

PayMaya offers microinsurance

© PayMaya / Released PayMaya offers microinsurance MANILA, Philippines — PayMaya Philippines has tapped  leading international insurtech bolttech to make insurance more accessible for Filipinos. Through the PayMaya app, the ... Read more »

BOC personnel to wear body cameras

© STAR / File BOC personnel to wear body cameras MANILA, Philippines — Officials and employees of the Bureau of Customs (BOC) are now required to wear body cameras when ... Read more »

De Blasio hires violent felon to senior role in Community Affairs Unit

Maceo H. Karriem, 29, served as Brooklyn borough director of the unit, according to his (now deleted) LinkedIn page. Mayor de Blasio tapped a violent felon to a senior role ... Read more »

TikTok's ‘Old Jewish Men' demand cheap lox, places to pee in NYC ‘protests'

Whether it’s the price of lox or a place to pee, one of the latest TikTok trends features old dudes kvetching for a cause. “Make lox $2.99 per pound again,” ... Read more »

Iceland is selling three boxes of chocolates perfect for Christmas for a fiver

FANS of a sweet treat can get their hands on three boxes of chocolate for a fiver at Iceland. You can feed your sweet tooth with bargain boxes of chocolate ... Read more »

Analogue's Pocket will have an extremely fancy OS to save games to and from cartridges

There’s still no firm release date for the delayed Analogue Pocket (outside of the broader “December 2021” window that the company last provided in September), but Analogue is looking to ... Read more »

Italy's unions rally against neo-fascist groups after violent protests

© Reuters/REMO CASILLI FILE PHOTO: Protest against “Green Pass” in Rome ROME (Reuters) – Italy’s biggest workers’ unions rallied in Rome on Saturday and called on the government to dissolve ... Read more »

Can I use my NHS Covid Pass for travel? When EU will take UK vaccine passport and countries that accept it now

The European Union is set to recognise the NHS Covid pass “soon”, raising hopes of frictionless travel to almost 40 countries ahead of the half-term break.  The UK has been in talks with the European Commission for more than three months in ... Read more »

Raiders vs. Broncos odds, picks: Point spread, total, player props, trends for Week 6 AFC West matchup

Two AFC West teams coming off of two straight losses face off this week, as the Las Vegas Raiders hit the road to try their luck against the Denver Broncos. ... Read more »

Biden: ‘We're Not Going to Get $3.5 Trillion'

President Joe Biden acknowledged Friday that the new spending proposed in his economic plan will have to shrink below the $3.5 trillion level set by Democratic leaders and sought by ... Read more »

Biden pushing child care provisions in stalled spending bill

Biden (Copyright 2021 The Associated Press. All rights reserved.) President Joe Biden was set to highlight his plan to lower the cost of child care for most American families as ... Read more »

Strong Support for Taxing the Rich to Pay for Biden Agenda: Poll

Lawmakers are still wrangling over the size, scope and content of President Biden’s social and economic agenda, but according to new poll data, the majority of Americans already agree on ... Read more »

Huge rise in domestic abuse cases being dropped

Campaigners against male violence have called for amendments to the policing bill (Tolga Akmen/AFP via Getty Images) Cases of domestic abuse are being dropped at rapidly increasing rate, official figures ... Read more »

Avenue Supermarts' standalone net profit surges to Rs 449 crore in Q2FY22 results

© Provided by Zee Business Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, has reported its standalone net profit after tax at Rs 448.90 crore for the quarter ... Read more »

Philippines receives over 200,000 doses of Pfizer COVID-19 vaccine

© National Task Force Against COVID-19 Philippines receives over 200,000 doses of Pfizer COVID-19 vaccine (October 16, 2021) The Philippines welcomed 207,090 doses of government-purchased COVID-19 vaccine developed by Pfizer ... Read more »

When is COP26? Glasgow climate change summit dates, schedule and what COP actually stands for

The UK will host the 26th United Nations Climate Change Conference of the Parties – more snappily known as COP26 – starting next month. The COP is an annual meeting ... Read more »

Dead person found in Asker

The emergency services moved out to Hogstadvannet in Asker after a dead person was found on Saturday morning. “A person was found dead, in the water,” operations manager Rune Hekkelstrand ... Read more »

Man dies after shooting in Brampton's north end

© Don Curran / Global News Police on scene near Dixie Road and Peter Robertson Boulevard in Brampton. Peel Regional Police say a man has died following a shooting in ... Read more »

When is October half-term 2021? Date of the next school holidays around UK explained

Schools are now open again across the UK. Pupils in Scotland returned to the classroom in August, those in Northern Ireland went back a few weeks later, and now students ... Read more »

Can I get a false negative PCR test? How reliable Covid tests are after 43,000 people given incorrect results

More than 40,000 people infected with Covid-19 were wrongly told they did not have the virus due to an error at a testing laboratory, health officials have said. NHS Test ... Read more »