Australian Stocks Surge 0.92% to Top 8000, with Uranium Shares Leading the WayOn April 29, the S&P/ASX 200 index in Australia witnessed a significant upswing. It climbed 73.5 points, or 0.92%, to close at 8070.6 points, hitting a new eight - week high. The market sentiment received a boost from the 利好 news of the United States reducing tariffs on auto parts.

On April 29, the S&P/ASX 200 index in Australia witnessed a significant upswing. It climbed 73.5 points, or 0.92%, to close at 8070.6 points, hitting a new eight - week high. The market sentiment received a boost from the 利好 news of the United States reducing tariffs on auto parts. Meanwhile, investors are closely eyeing the quarterly inflation data to be released tomorrow, which could be a crucial indicator for the Reserve Bank of Australia's interest rate decision in May.

The uranium sector staged a remarkable comeback. Boss Energy (BOE) saw its share price soar 14.29% as its quarterly production exceeded expectations, driving the entire sector higher. Sprott Capital's bargain - hunting and the recovery of uranium prices worked in tandem. Paladin Energy (PDN) followed suit, with an 8.5% increase. Mineral Resources (MIN), considered the "bear stock of the year", experienced a staggering 13.15% jump due to an impressive quarterly report. Driven by short - covering and a re - evaluation of its value, it recorded its largest one - day gain in three months.

The energy (+2.5%) and resources (+1.7%) sectors led the market rally, while the information technology (+1.5%) and real estate (+1.1%) sectors also rose in tandem, creating a broad - based upward trend. However, the gold sector was the exception, slipping 0.17% as Northern Star Resources (NST)'s quarterly report disappointed the market, with its share price plunging 4.74% and dragging down the sub - index.