ASX 200 Bounces After Hitting Seven-Week Low; RBA Minutes Spur June Pause Talk
The S&P/ASX 200 closed up 1.17% at 8,604.70 on Tuesday, rebounding after a sharp fall the previous day. Banks and consumer staples led gains, with Woolworths jumping 3.7% after a JPMorgan upgrade. RBA minutes showed most board members backed a rate hike to 4.35% but signaled room to pause. Miners lagged as BHP and Rio Tinto slipped.