Welcome to Extreme Investor Network, where we bring you the latest updates and insights from the stock market, trading, and Wall Street. Today, we take a look at the ASX 200 and Hang Seng Index movements.
The ASX 200 showed a 0.20% gain on Monday, following the positive momentum from the US equity markets on Friday. Key contributing sectors to the uptick were bank, gold, mining, and tech stocks. The S&P ASX All Technology Index (XTX) also saw a notable increase of 0.97%.
Gold stocks such as Northern Star Resources Ltd. (NST) and Evolution Mining Ltd (EVN) saw gains of 2.02% and 0.51% respectively, driven by the rise in gold prices on Friday. On the other hand, Rio Tinto Ltd. (RIO) and Fortescue Metals Group Ltd. (FMG) showed gains of 1.00% and 0.32% while BHP Group Ltd (BHP) experienced a slight decline of 0.23%.
Banking stocks also had a positive day, with ANZ Group Holdings Ltd. (ANZ) and Westpac Banking Corp. (WBC) both rising by 0.27%. Commonwealth Bank of Australia (CBA) and National Australia Bank Ltd. (NAB) also saw gains of 0.13% and 0.35% respectively.
However, it wasn’t all green on the market, as Woodside Energy Group Ltd (WDS) and Santos Ltd (STO) saw losses of 1.63% and 1.01% respectively, due to a downturn in oil prices following easing tensions in the Middle East.
Moving over to the Hang Seng Index, we observed… (Add unique information about Hang Seng Index movements and trends to keep readers engaged and interested in further reading)
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