Australian shares trim losses as miners play catch-up

An energy sector rally and a rebound in raw materials has helped the ASX finish the day higher after a jittery start.

By AAP & CBA Newsroom

23 October 2025

A Chinese official waits on a chair in the corridors outside a the bilateral meeting between Chinese President Xi Jingping and President of the United States of America Donald Trump at the G20 summit in Osaka, Japan. Credit: AAP Image/Lukas Coch

Key points

S&P/ASX200 closes up 8.7 points or 0.10 per cent
All Ordinaries gains 0.15 per cent
Energy stocks rally

Australia's sharemarket has pared early losses to edge higher, as a strong energy sector and a mining rebound kept the market above water.

The benchmark S&P/ASX200 closed 8.7 points higher on Thursday, up 0.10 per cent, to 9,038.7, as the broader All Ordinaries gained 13.6 points, or 0.15 per cent, to 9,334.7.

Energy stocks rallied more than 3 per cent after US sanctions on Russian oil prices lit a match under crude prices, and as a Woodside gas deal provided a springboard for the segment's biggest company.

Gold miners clawed some of the previous session's losses, after the precious metal's steep run hit a brick wall on Tuesday night, prompting its sharpest single-day drop since 2013.

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