FX.co ★ ASX 200 Reverses Early Losses to Close Higher

The ASX 200 rose 21 points, or 0.2%, to close at 9,030 on Monday, recovering from early losses on strength in non-energy minerals, technology, and logistics stocks. Sentiment improved alongside stronger U.S. stock futures, as investors weighed a rebound in the tech sector ahead of key inflation releases and earnings from major AI firms.

Domestically, RBA data showed the value of transactions through Australia’s New Payments Platform jumped 29% year-on-year in September. In Australia’s largest trading partner, China, annual consumer inflation eased to a three-month low of 0.7% in October, even as producer prices recorded their fastest increase in more than four years, reflecting firmer commodity prices and improving industrial demand.

Among individual names, Goodman Group gained 1.9% after teaming up with Digital Realty to acquire a 9.9% stake in NextDC. Gold miners also advanced, with Evolution Mining up 5.3% and Northern Star Resources 0.8% higher, while mining heavyweight BHP climbed 2.9%. By contrast, all four major banks finished lower, led by ANZ, which fell 3.4% following slightly weaker-than-expected FY 2026 operating income guidance.