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2026.02.1000:18:51UTC+00Australian Shares Extend Gains

The S&P/ASX 200 rose 0.5% to 8,913 on Tuesday, extending the previous session’s gains as investors responded positively to corporate news and earnings results while positioning ahead of key economic data releases. Treasury Wine Estates climbed 5.4% after announcing a settlement with a major US distributor that had planned to exit the lucrative California market.

Materials stocks also advanced on the back of firm commodity prices. Mining giants BHP Group gained 1.6% and Rio Tinto added 1.8%, while gold producers Newmont Corporation and Northern Star Resources rose 1.8% and 1.6%, respectively.

Upside momentum was tempered by modest weakness in financials. Commonwealth Bank, Westpac, ANZ Group, and Macquarie slipped between 0.1% and 0.7%, despite Macquarie reporting a higher Q3 profit.

Looking ahead, investors are focused on a series of domestic economic indicators, including building permits, NAB business confidence, private house approvals, and home loan data.

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