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Australian Shares Surge 0.8% as Commodities Rally

2/5/2026

35 6 Full Breakdown

Summary

Australia's Market Rises

On February 4, 2026, the Australian sharemarket rose 0.8% as mining and energy stocks led gains.
The S&P/ASX 200 closed at 8927.80 as commodity prices advanced.
Northern Star Resources Limited and South32 Limited each rose 6.2%.
Commonwealth Bank of Australia rose 2.6%, while Nvidia and Microsoft fell 2.8% and 2.9% on Wall Street.
Gold prices rebounded 6.1% to $4,935 per ounce, and silver rose 8.2%.

Summary

U.S. Stocks Decline

On February 3, U.S. stocks fell, with the S&P 500 down 1.1% and the Dow Jones down 270 points.
Nvidia and Microsoft led declines among major tech companies.
Palantir Technologies gained 6.2% after exceeding profit expectations.
Gold rose 6.1% to $4,935.00 per ounce as investors sought safer assets.
South Korea's Kospi rose 6.8% as Asian markets recovered.

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Australia's Market Rises

On February 4, 2026, the Australian sharemarket rose 0.8% as mining and energy stocks led gains.
The S&P/ASX 200 closed at 8927.80 as commodity prices advanced.
Northern Star Resources Limited and South32 Limited each rose 6.2%.
Commonwealth Bank of Australia rose 2.6%, while Nvidia and Microsoft fell 2.8% and 2.9% on Wall Street.
Gold prices rebounded 6.1% to $4,935 per ounce, and silver rose 8.2%.

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