The native share market is edging larger in what’s shaping as much as be one other day of quiet buying and selling.
At midday AEST on Tuesday, the benchmark S&P/ASX200 index had recovered almost all of Monday’s modest losses, climbing 13.9 factors, or 0.19 per cent, to 7,277.2.
The broader All Ordinaries was up 15.1 factors, or 0.2 per cent, at 7,465.8.
In Washington, Republicans and Democrats remained at a stalemate on the debt ceiling, with simply an estimated 10 days left earlier than the US runs out of authority to pay its payments.
A White House assembly between President Joe Biden and House Speaker Kevin McCarthy ended with no deal.
The power sector was the most important gainer at noon, up 0.6 per cent.
Woodside was up 0.6 per cent, Whitehaven Coal had risen 1.4 per cent and New Hope was up 3.4 per cent.
All of the Big Four banks have been larger, by 0.3 to 0.6 per cent. Macquarie had risen by 1.5 per cent.
The heavyweight mining sector was down 0.1 per cent, with BHP dipping 0.2 per cent however Rio Tinto up 0.9 per cent.
Tech was the very best performing sector at noon, up 1.3 per cent, however BrainChip was the most important loser on the ASX falling 14.7 per cent to 43.5c because the AI chip firm held its annual normal assembly in Sydney
At that assembly, chairman Antonio Viana acknowledged to shareholders that the corporate, a messageboard-favourite, had but to provide a product that might see its manner into finish manufacturing programs.
“The reality is that the market is still in the discovery and embryonic stage with respect to edge-based AI,” he mentioned.
Elsewhere within the sector, Wisetech Global was up 1.8 per cent, Technology One had added 3.5 per cent and Xero had climbed 1.6 per cent.
The Australian greenback was shopping for 66.49 US cents, from 66.35 US cents at Monday’s ASX shut.
Source: www.perthnow.com.au
