Australia’s stocks rose on Tuesday after the market closed, driven by advances in the materials, metals & mining, and resources sectors.
The S&P/ASX 200 rose 1.65% at the close of the Sydney market, setting a new monthly high.
EML Payments Ltd (ASX:EML), which increased 30.86% or 0.13 points to close at 0.53, was the best-performing stock of the session. UMG was up 6.11%, or 0.19 points, to 3.30 in the late afternoon, and Nickel Mines Ltd. (ASX:NIC) gained 7.53%, or 0.06 points, to close at 0.79.
Chorus Ltd (ASX:CNU), which lost the most during the session—3.55% or 0.27 points—to close at 7.34, was the worst performer. ARB Corporation Ltd (ASX:ARB) went down 1.24% or 0.36 points to 28.65, while Brickworks Ltd (ASX: BKW) went down 2.26% or 0.50 points to close at 21.63.
Related: The dollar falls as more people expect the Fed to be less hawkish; Australian stocks rise following CPI.
On the Sydney Stock Exchange, advancing issues outpaced descending ones by a margin of 782 to 468, while 359 finished unchanged.
The implied volatility of S&P/ASX 200 options is measured by the S&P/ASX 200 VIX, which decreased by 3.53% to 15.26, a new 1-month low.
The price of gold for December delivery increased by 0.30 percent, or $4.95, to $1,645.65 per troy ounce. The price of crude oil for delivery in December increased by 1.35% or 1.17 to reach $87.70 per barrel, while the price of the January Brent oil contract increased by 1.44% or 1.34 to reach $94.15 per barrel.
While AUD/JPY decreased 0.27% to 94.88, AUD/USD remained stable at 0.64.
At 111.05., the US Dollar Index Futures were down 0.33%.