07.04.202606:37:08UTC+00ASX 200 Surges 1.7% at Finish

The ASX 200 surged 149 points, or 1.7%, on Tuesday to close at 8,729, its highest level in nearly four weeks. Local equities rebounded from the prior session’s weakness as trading resumed after Easter, with broad-based gains led by producer manufacturing, logistics, healthcare, and financials. Sentiment was supported by Wall Street, where the S&P 500 and Nasdaq posted a fourth consecutive daily advance on Monday ahead of a U.N. vote on measures to protect shipping in the Strait of Hormuz.

Upside momentum was capped, however, after Australia’s monthly inflation indicator jumped 1.3% m/m in March, reversing a 0.2% decline in February and marking the sharpest monthly increase on record, highlighting renewed price pressures since the second half of 2025. At the same time, job advertisements recorded their steepest fall in six months, while services activity contracted for the first time in more than two years.

Among individual names, Lynas Rare Earths gained 4.6%, Greatland Resources advanced 4.0%, Mineral Resources climbed 3.4%, and BHP Group rose 2.9%. The four major banks also advanced, adding between 1.7% and 2.6%.