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ASX:RRL 4 February 2026 - 13 July 2026

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%.
AI PORTFOLIO

Top Stock Picks

Today’s highest-ranked model selections.

#1 STRONG BUY

Constellation Energy

NASDAQ: CEG 95 / 100
#2 BUY

AerCap

NYSE: AER 93 / 100
#3 BUY

Walt Disney

NYSE: DIS 92 / 100
#4 ACCUMULATE

AIG

NYSE: AIG 90 / 100
#5 BUY ON PULLBACK

Cheniere Energy

NYSE: LNG 88 / 100
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Editorial model selection. Not personalised advice.