At lunch the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is on course to bounce back from two consecutive days of declines. At the time of writing the benchmark index is up 0.3% to 6,199.2 points.
Here's what has been happening on the ASX 200 on Tuesday:
Appen shares sink lower.
The Appen Ltd (ASX: APX) share price has sunk lower after returning from its trading halt this morning. At lunch the global leader in the development of high-quality, human annotated datasets for machine learning and artificial intelligence are down 8% to $22.43 after successfully completing its $285 million placement at an offer price of $21.50 per share.
Energy shares rise.
The Beach Energy Ltd (ASX: BPT) share price and the Santos Ltd (ASX: STO) share price have pushed higher today after oil prices rose overnight. According to Bloomberg, the WTI crude oil price pushed 1.3% higher and the Brent crude oil price rose 1.4% higher after Saudi Arabia stood by OPEC output cuts. Oil prices have continued to rise during Asian trade.
Gold miners slide.
The Northern Star Resources Ltd (ASX: NST) share price and the Regis Resources Limited (ASX: RRL) share price have dropped lower after improving investor sentiment led to a fall in demand for risk-off assets. The S&P/ASX All Ords Gold index is down 1.7% at lunch.
Tech shares on the rise.
Australian tech shares have followed the lead of their U.S. counterparts and stormed higher today. At lunch the WiseTech Global Ltd (ASX: WTC) share price is up 5% and the Afterpay Touch Group Ltd (ASX: APT) share price has risen 2%.
Best and worst performers.
WiseTech Global has been the best performer on the ASX 200 today with its 5% gain. Not far behind is the CYBG PLC (ASX: CYB) share price which is up 4.5% after British PM Theresa May made progress with her Brexit deal. Going the other way is the Perpetual Limited (ASX: PPT) share price which has given back a good deal of yesterday's gains and is down 4% at lunch.
