A solid end to the week with the ASX 200 up 41 points to 7790 (0.5%). For the week the ASX 200 is down 2%. Resources leading the charge higher and Asian markets soaring. Banks flat with the Big Bank Basket down to $233.56 (-0.7%). Insurers gained a little QBE up 1.2% and financials generally better, GQG up 1.4% with MQG rallying 0.8%. REITs were better generally, SCG up 0.9% and GPT up 1.4%. Industrials also saw bargain hunting, WES up 0.8% with BXB up 0.8% and utilities bouncing, ORG up 1.9% and TWE up 1.9% on wine tariffs. Healthcare also back in demand, SIG rising 2.9%. Tech slightly better, TNE up 2.1%.

Resources were the stars today, iron ore miners finding some love with BHP up 1.1% and FMG up 2.7%. Gold miners celebrated record gold prices, NST up 2.8%, NEM up 5.7% and EVN up 4.6%.  Lithium stocks also saw gains with PLS up 4.3% and MIN gaining 0.9%. MLX soared 22.2% as tin prices erupted as a mine in Africa closed. Even uranium stocks managed a small bounce, PDN up 2.2% and BOE up 4.5%. In corporate news, MYR announced some C-Suite changes. CYL up 5.2% after initiating production at Plutonic.

Nothing on the economic front. Asian market bouncing hard. Japan up 0.9%, HK up 2.5% and China up 1.8%. 10-year yields steady at 4.42%.

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