The Australian market added $100 billion in value, rising 4.5% as traders cheered on the paused US tariffs.

MARKET WRAP:

• ASX200: up 4.54%, 7,709
• GOLD: $3,142 US/oz
• BITCOIN: $132,279 AUD

• BHP rallied 5.4%, Fortescue gained 6.2%, Rio Tinto was up 6.4%, while Mineral Resources had its best day in a while, rising 18.1%.
• Wisetech rose 8%, Xero up another 6.2% and Life360 up almost 11%.
• Westpac climbed almost 5%, NAB lifted 4.9%, Commbank rose 3.6% and ANZ was up 3.5%.
• Telstra lifted 1.4%, Sigma Healthcare rose 2.4% and Wesfarmers gained 2.6%
• Contact Energy, the only company of the top 200 to finish down, lost 1.6% in trading to $8.08 a piece.
• Serko, down 8.8%, and Sylait Milk, losing 3.7%.

CURRENCY UPDATE:

• AUD/USD: 61.4 US cents
• AUD/GBP: 47.7 pence
• AUD/EUR: 55 Euro cents
• AUD/JPY: 89 Japanese yen
• AUD/NZD: 1.08 NZ dollars