Feb 14 (Reuters) - Australian shares climbed on Tuesday,
lifted by hopes around U.S. inflation data due later in the day,
which could influence the Federal Reserve's monetary policy
path.
The S&P/ASX 200 index rose 0.7% to 7,466.9 by 2341
GMT, amid gains across all sectors. The benchmark had declined
0.2% on Monday.
January's U.S. inflation data could indicate how well the
Fed's monetary tightening policy has performed and whether its
future rate-hike trajectory would change from hereon. Domestic technology stocks were the top gainers,
tracking their overseas peers and jumping 1.4%.
ASX-listed shares of Block Inc and Xero Ltd climbed 2.7% and 1.7%, respectively.
Firmer oil prices further boosted the benchmark, with energy
stocks rising 1%. Sector heavyweights Woodside Energy
Group and Santos added 1.5% and 1.1%,
respectively.
Export-reliant miners gained 0.3%. BHP Group , Rio Tinto , and Fortescue Metals Group rose between 0.2% and 0.6%.
Financials added 0.9%, with all "Big Four" posting
gains.
Among individual stocks, the world's largest fibre cement
maker James Hardie fell up to 8.7% after lowering its
annual earnings guidance for the third time on account of weaker
demand from its North America and Asia-Pacific geographies. Biotech giant CSL Ltd rose as much as 1%. It posted
a 10% jump in its first-half profit, surpassing estimates, on
account of higher blood plasma collections and the acquisition
of Swiss drugmaker Vifor Pharma AG boosting its bottomline.
In New Zealand, the benchmark S&P/NZX 50 index rose
0.3% to 12,108.61.
(Reporting by Jaskiran Singh in Bengaluru; editing by
Uttaresh.V)
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