The Australian stock market rose 0.8% in early trading, BHP Billiton rose 3%.

The Australian stock market rose in early trading on Tuesday, with the S&P/ASX 200 benchmark index rising by 0.8% to 8930.40 points. Among Australian domestic companies with a market value of at least 15 billion Australian dollars, BHP Group led the way in early trading, with its stock price rising by 3.0%; South32 rose by 2.8%; and Rio Tinto Group rose by 2.6%, ranking in the top three in terms of early trading gains. Pilbara Minerals Group saw the largest decline in early trading, with its stock price falling by 1.7%; followed by Qantas and Scentre Group, both falling by 0.9%. In the foreign exchange market, the US dollar index held steady at 94.69; the US dollar to Australian dollar exchange rate remained stable at 1 US dollar to 1.45 Australian dollars. In the bond market, the yield on Australian 10-year government bonds rose by 0.86 basis points to 4.822%.