The Aussie market pushed higher for a second day, though gains were modest as investors navigated a quiet global lead with US and Chinese markets closed. The Materials sector did the heavy lifting, propelled by BHP which surged to a fresh all-time high. The company's half-year results stunned the market, as copper earnings surpassed iron ore for the first time, driven by a global push for electrification and AI infrastructure. Reporting season drama provided the day's biggest swings elsewhere. Baby Bunting soared after a 25% sales jump, while A2 Milk and JB Hi-Fi extended yesterday's post-earnings rallies. However, it wasn't all one-way traffic; Reliance Worldwide tumbled as US tariffs and weak housing demand dented profits, and Seek fell despite an adjusted profit beat as investors fretted over a massive write-down of its Chinese investment, Zhaopin.

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