BHP rose 3.5% as the ASX headed for a 0.2% gain. Perpetual received a raised bid from EQT at $22.07 per share. Tariff ruling also in focus.
The Australian share market pointed to a 0.2% gain at open Tuesday, keeping the bourse above 8,800 points. BHP Group (BHP) led the charge, rising 3.5% in the prior session. Macquarie Group (MGQ) jumped 2% to a record close of $258.16.
A US court ruled Trump's 'liberation day' tariffs unlawful, a decision that could force US customs to repay tens of billions, HotCopper reported. The ruling may give ASX-listed companies a lift, though the immediate impact is uncertain.
Perpetual Ltd (PPT) said late Monday it received an improved takeover proposal from Swedish private equity firm EQT. The bid stands at $22.07 per share, a 2% increase on the $21.64 offer filed July 1 that valued Perpetual at $2.5 billion.
Kingsgate (KCN) confirmed repairs at its Chatree gold mine in Thailand were tracking well. About 50% of Plant 1's normal processing capacity has been restored.
Webjet (WEB) appointed former Wesfarmers OneDigital managing director Nicole Sheffield as chief executive. She replaces Katrina Barry, who left in May.
In forex, the Australian dollar bought US 70 cents. Brent crude rose 0.4% to $85.09 a barrel. Iron ore held above $100.55 a tonne in Singapore, up 0.4%. US natural gas futures were flat at $2.91 per gigajoule.
BHP carries an Alpha Score of 66 out of 100, classified as Moderate, within the Basic Materials sector. The score reflects a balanced risk-reward profile based on the company's earnings momentum and valuation relative to peers. More details on BHP's stock page.
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