Australia stocks higher at close of trade; S&P/ASX 200 up 0.57%

Australia stocks surged after the market closed on Tuesday, buoyed by strong performance in sectors such as A-REITs, Metals & Mining, and Materials. The S&P/ASX 200 index climbed 0.57% at the day's end in Sydney. Among the top gainers were Metcash Ltd, up 4.70% to 3.01, Alcoa Corp DRC, increasing 4.39% to 62.75, and Virgin Australia Holdings Ltd, rising 4.06% to 2.82.

Conversely, Megaport Ltd saw a 5.75% drop to 21.00, Codan Ltd fell 4.71% to 65.28, and Metrics Master Income Trust Unit tumbled 4.00% to 1.68, reaching a 5-year low. The number of stocks that declined exceeded those that gained by 541 to 491, with 380 remaining unchanged. Metrics Master Income Trust Unit's performance reached a 5-year low.

The S&P/ASX 200 VIX, indicating implied volatility of S&P/ASX 200 options, dropped 5.30% to 10.85. Meanwhile, gold futures for December delivery were down 0.21% to $4,148.15 an ounce, and Crude oil for November delivery rose 0.37% to $89.76, while December Brent oil climbed 0.48% to $100.80. The AUD/USD exchange rate remained steady at 0.70, and AUD/JPY gained 0.11% to 110.21. The US Dollar Index Futures edged up 0.03% to 101.97.