• About
  • Privacy & Policy
  • Contact Us
Procurement Nation
  • Home
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
  • Cryptocurrency
No Result
View All Result
  • Home
  • Procurement
    • Shipping
    • Best Procurement Software
    • Supply Chain
      • What is supply chain management?
      • Tyson Foods Food Supply Chain
  • Markets
  • Banking
  • Contact Us
  • Cryptocurrency
No Result
View All Result
Procurement Nation
No Result
View All Result

Tech, miners drive Australian shares higher; Rio Tinto drops nearly 2%

Mark White by Mark White
January 18, 2022
in Suppliers
0
Nikkei nears 4-week low on tepid Wall Street, Omicron impact


Jan 18 (Reuters) – Australian shares rose in choppy trading on Tuesday, helped by technology stocks and miners, while the world’s biggest iron ore producer Rio Tinto dropped after warning of softer iron ore shipments in 2022.

The S&P/ASX 200 index (.AXJO) was up 0.3% at 7,439 points in early trade, after slipping 0.3% on Monday.

While a holiday in the United States made for thin trading, share markets globally were choppy on Monday.

Register now for FREE unlimited access to Reuters.com

Back home, tech stocks (.AXIJ) rallied to the top of the benchmark on Tuesday, up as much as 1.2%. Buy now, pay later major Afterpay (APT.AX) gained 0.9%.

Miners (.AXMM) reversed course to rise in early trade, further aiding gains on the benchmark. The sub-index was up 0.5%, even as iron ore prices weakened.

Shares of Rio Tinto (RIO.AX) were down nearly 2% after it posted a 5.4% drop in its fourth-quarter iron ore shipments, partly hit by lower demand from top consumer China.

In contrast, global miner BHP Group (BHP.AX) was up 0.5%, ahead of its release of quarterly production figures on Wednesday.

Energy stocks (.AXEJ) were the biggest laggards, dropping 0.3% despite strong oil prices.

Sector major Woodside Petroleum (WPL.AX) was down 0.4%, while major fuel supplier Ampol Ltd (ALD.AX) firmed 2.2%.

Ampol said on Tuesday its Lytton Refinery in Queensland is expected to deliver the highest profit for more than four years in its quarterly results.

The financial sub-index (.AXFJ) fell 0.2%, with Australia’s top lenders National Australian Bank (NAB.AX) and Commonwealth Bank of Australia (CBA.AX) sliding about 0.4%.

New Zealand’s benchmark S&P/NZX 50 index (.NZ50) fell over 0.2% to 12,780.17 points, after ending up 0.1% in Monday’s session.

Register now for FREE unlimited access to Reuters.com

Reporting by Savyata Mishra in Bengaluru; editing by Uttaresh.V

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

Key U.S. lawmakers urge AT&T, Verizon to delay some 5G deployments

Next Post

Allkem sees lithium carbonate prices rising 80% in half year to June

Mark White

Mark White

Next Post
Nikkei nears 4-week low on tepid Wall Street, Omicron impact

Allkem sees lithium carbonate prices rising 80% in half year to June

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 110 Followers
  • 65.3k Followers
  • 168k Subscribers
  • 23.5k Followers
  • 99 Subscribers
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest

5 things to recognize prior to the stock market opens

May 18, 2022

AT&T Yahoo Email Settings

May 13, 2022
Investors  remain to  duke it out  rising cost of living worries as oil  increases  as well as Bitcoin  kicks back

Investors  remain to  duke it out  rising cost of living worries as oil  increases  as well as Bitcoin  kicks back

May 13, 2022

New watches May 2022: Hublot, Rado and much more

May 13, 2022

Recent News

5 things to recognize prior to the stock market opens

May 18, 2022

AT&T Yahoo Email Settings

May 13, 2022
Investors  remain to  duke it out  rising cost of living worries as oil  increases  as well as Bitcoin  kicks back

Investors  remain to  duke it out  rising cost of living worries as oil  increases  as well as Bitcoin  kicks back

May 13, 2022

New watches May 2022: Hublot, Rado and much more

May 13, 2022
  • About
  • Privacy & Policy
  • Contact Us
Call us: +1 234 JEG THEME

© 2021 Procurement Nation - Supply Chain & Logistics News

No Result
View All Result

© 2021 Procurement Nation - Supply Chain & Logistics News