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Australia shares trade flat as tech slide offsets commodity gains


Energy stocks set for best day in nearly six weeks
Mining stocks hit highest since Jan. 8
NZ set for fourth straight session of losses
Feb 23 (Reuters) - Australian shares traded little changed on Tuesday as gains in miners and energy firms on stronger commodity prices countered losses in tech stocks following a weak lead from U.S. peers.
The S&P/ASX 200 index was nearly unchanged at 6,779.5 by 0000 GMT, after swinging between positive and negative territory for much of the early part of the session.
Tech stocks were the biggest drags on the benchmark, tracking losses in U.S. peers that have come under pressure from an uptick in bond yields and concerns over higher inflation affecting valuations. ....

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Australia shares set to track Wall Street lower as U.S. Treasury yields firm


Commodity rally helps Australia shares close nearly 1% higher
Reuters
22/02/2021
By Soumyajit Saha
© Reuters/DAVID GRAY
FILE PHOTO: A board displaying stock prices is seen at the Australian Securities Exchange in Sydney
By Soumyajit Saha
(Reuters) - Australian shares closed nearly 1% firmer on Tuesday, as strength in commodities boosted market expectations of an improved growth outlook and lifted miners and energy stocks.
The S&P/ASX 200 index was up 0.9% at 6,839.2 by the close of trade.
Participants also kept an eye out for possible changes to the U.S. Federal Reserve s outlook from Chairman Jerome Powell in his testimonial before the Senate Banking Committee later in the day. ....

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