ASX ends higher as markets settle
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The news: The Australian sharemarket ended higher for a second successive session as markets settled following sweeping losses on Monday.
The numbers: The benchmark ASX 200 gained 0.25% to end at 7,699.80 with 10 of 11 sectors ending in green.
The best performing sector was real estate, up 1.43%, followed by energy (1.33%).
Arcadium Lithium was the best performer across the ASX 200, adding 6.98%, after the dual-listed lithium producer said it would defer two expansion projects and hiking its cost savings estimate.
GQG Partners rose 3.08% after lifting its funds under management in July, with three of its four funds recording month-on-month gains.
The worst performing sector was materials, down 0.16%, followed by financial, up 0.16%.
Strike Energy was one of the worst performing stocks across the ASX 200, down 1.58%, after it reported a failed drilling campaign at its 25% owned L7 joint venture in the Perth Basin.
Westgold Resources fell 3.44% after the gold producer ended its first day of trading on the Toronto Stock Exchange lower.
Meanwhile, Neuren Pharmaceuticals entered a trading halt pending the release of top line results of its Phase 2 clinical trial of drug candidate NNZ-2581 for patients with Angelman syndrome.
The Australian dollar is higher, buying 0.65 US cents.
The context: A spate of ASX majors are expected to report on Thursday morning, including News Corp, Mirvac, Charter Hall Long Wale REIT, Transurban, AMP and Avita.
Elsewhere, the results of NAB's monthly survey of business confidence is due for release at 11:30am AEST, while market watchers will follow a speech by Reserve Bank governor Michele Bullock at the Rotary Club in Armidale for further cues on interest rates.
