India, May 18 -- The Australian stock market is significantly higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street on Monday. The benchmark S&P/ASX 200 index is moving up to near the 8,600.00 level, with gains across most sectors led by energy and technology stocks. Iron ore miners were the only weak spot.
The benchmark S&P/ASX 200 Index is gaining 86.90 points or 1.02 percent to 8,592.20, after touching a high of 8,600.90 earlier. The broader All Ordinaries Index is up 88.30 points or 1.01 percent to 8,823.70. Australian stocks closed sharply lower on Monday.
Among the major miners, Rio Tinto, Fortescue and BHP Group are losing almost 1 percent each, while Mineral Resourc...