The S&P/ASX 200 Index rose 0.3% to approximately 8,220 on Tuesday, breaking a three-day losing streak, with mining and energy stocks driving the rebound amid strong commodity prices. Australian shares also mirrored gains on Wall Street overnight, as investors rotated out of megacap tech stocks into other sectors. Meanwhile, investors digested data showing a second consecutive monthly decline in consumer confidence for January, likely influenced by news of the Australian dollar’s depreciation against the US dollar. This development generated negative headlines regarding interest rate expectations and the broader economic outlook. Among the gainers, mining and energy companies saw notable rises, with BHP Group up 0.8%, Fortescue gaining 1.4%, and Woodside Energy advancing by 0.9%.
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