Australian Stocks Add 0.6% in Early Trading

Dow Jones08-05

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in Australia rose during early trading Wednesday, as the S&P/ASX 200 Benchmark Index gained 0.6% to 9203.30.

Among local companies with a market cap of at least 15 billion Australian dollars ($10.58 billion), Lynas Rare Earths is the biggest leader this morning, jumping 5.1%, and South32 surged 3.2%. BHP Group rounds out the top three movers, as shares rose 2.6%.

Woodside Energy Group is the biggest early laggard, declining 2.9%, followed by shares of Santos, which dropped 2.0%. Shares of Telstra Group declined 1.3%.

The U.S dollar weakened 0.1% against the Australian dollar to 1.42 Australian dollars.

In the bond markets, the 10-year Australian government bond yield fell 4.91 basis points to 4.929%.

Data source: Dow Jones Market Data, FactSet

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