ASX 200 Just Edged Up, Most Stocks Down at Monday Close

Australian stocks edged up Monday, with the S&P/ASX 200 ticking higher by just 0.028% to close at 8,808.5. Most stocks dropped, with 678 decliners against 405 gainers. The ASX 200 VIX, which tracks expected volatility, rose 6.5% to 11.12.

Australia stock market jumps as miners rally, tech gets slammed; Xero sinks

Australia stock market jumps as miners rally, tech gets slammed; Xero sinks

Australian shares ended Wednesday on a strong note, propelled by gains in miners and banks despite a sharp drop in tech stocks. The S&P/ASX 200 climbed 0.8% to 8,927. Materials surged 3.6% and energy rose 3.0%, while information technology plunged 9.4%. Yancoal Australia led the charge, jumping 9%, but Xero tumbled 15.9% and WiseTech Global dropped 10.7%.

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