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ASX 200 logs best day in 1 month NZX 50 jumps most in nearly 2...

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    	  ASX 200 logs best day in 1 month 
    

    	  NZX 50 jumps most in nearly 2 weeks  
    

    	  All sub-indexes trade higher on ASX 
    

    (Updates to close)

    Australian shares gained most in four weeks on Tuesday, with all sectors ending in the green, boosted by dovish U.S. Federal Reserve remarks.

    The S&P/ASX 200 index (xjo) closed 1% higher, logging gains for a fourth straight session. The benchmark touched its highest level since Sept. 29.

    Top Fed officials on Monday indicated that an unprecedented rise in Treasury yields, which has a direct impact on the cost of households and businesses, could keep the central bank away from further increases in its short-term policy rate.

    Investors now await the U.S. consumer price index data due later this week for further cues on the central bank's policy move.

    It's "a fair expectation" that the more cautious the Fed members are, the less likely interest rates will continue to rise, Hebe Chen, market analyst at IG Markets, told Reuters.

    "This interpretation has successfully rejuvenated stagnant risk appetite and especially been warmly welcomed by capital-intensive tech sectors," Chen added.

    Back in Australia, technology stocks .AXIJ gained over 3%, with sector leaders Block Inc (SQ2) and Xero Ltd (XRO) adding 1.4% and 4.4%, respectively. The sub-index marked its biggest percentage gain in one month.

    Energy stocks .AXEJ touched their highest in one week as news of the conflict between Israel and the Palestinian Islamist group Hamas sparked an oil rally due to supply concerns.

    Woodside Energy (WDS) and Santos (STO) rose 1.3% and 0.5% respectively.

    Shares of Origin Energy (ORG) climbed 5.5% after the country's competition regulator approved Brookfield Corp's BN.TO takeover of the power producer.

    Financials .AXFJ advanced 0.6%, with the country's big four banks adding between 0.3% and 0.8% each.

    Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index (nz50) climbed 0.8%, marking its biggest intra-day percentage gain since Sept. 29.

 
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