Business · Markets · 3 hrs ago
ASX rises 1.1% to an 11-week high as small caps rally
The ASX 200 rose 1.1% to an 11-week high on Tuesday, as gains on Wall Street lifted Australian shares.
The rally followed overnight rises of about 2.5% in the S&P 500 and 2.8% in the Nasdaq.
Small-cap stocks gained 2.29%, leading the broader Australian market, while most sectors also finished higher.
Oil prices fell about 6% after Donald Trump played down the chance of another major attack on Iran.
Monadelphous Group shares jumped more than 10% after the company forecast first-half profit of $80 million to $85 million, above expectations.
Australian consumer confidence fell to a four-year low, and confidence among mortgage holders reached a record low.
Despite the pressure on household budgets, Australians are expected to spend a record $7.2 billion over the Black Friday-Cyber Monday period.
The S&P/ASX 200 rose 1.10% on Tuesday to an 11-week high.
Small-cap stocks were among the strongest performers, with the small-cap index up 2.29%.
Industrials gained 2.31%, while real estate rose 2.23%.
The rally followed sharp overnight gains on Wall Street, including a 2.5% rise in the S&P 500.
Oil prices fell about 6% after Donald Trump played down the chances of another major attack on Iran.
- Who
- Australian shares, including small-cap stocks, rose.
- What
- The S&P/ASX 200 gained 1.10% and reached an 11-week high.
- When
- Tuesday, 10 November 2026.
- Where
- Australia’s share market.
- Why
- The article linked the rally to strong overnight gains on Wall Street. It also reported that oil fell after Donald Trump played down the chances of another major attack on Iran.
This story does not have two clearly opposing sides.
The S&P 500 rose about 2.5%, the Nasdaq gained 2.8% and chip stocks rose about 6.5%.
The S&P/ASX 200 gained 1.10% and reached an 11-week high.
- S&P/ASX 200
- Up 1.10%
- Small caps
- Up 2.29%
- Industrials
- Up 2.31%
- Real estate
- Up 2.23%
- Brent crude
- Fell about 6% to around US$92 a barrel