Jan 7 (Reuters) - Australian shares rose for a fourth straight day on Tuesday, on the back of gains in banks offsetting losses in miners and energy stocks as investors took cues from Wall Street performance overnight.
The S&P/ASX 200 index .AXJO rose 0.4% to 8,289.1 points by 2338 GMT. The benchmark closed 0.1% higher on Monday.
The S&P 500 and Nasdaq Composite rose on Monday with a rally in semiconductor stocks and a report suggesting a less aggressive tariff stance from the incoming Trump administration. .N
Locally, traders are also on the lookout for the November consumer price index $(CPI.UK)$ data due on Wednesday. The figure is expected to increase to 2.2% compared with a rise of 2.1% in October, according to a Reuters poll of economists.
Financials .AXFJ were up 0.6% in their fourth session of consecutive gains. Three of the "big four" banks rose between 0.3% and 0.5%.
Miners .AXMM lost 0.2%, falling for the third straight day.
Iron ore prices were pressured by a slower hot metal output in China and a weakness in the top consumer's equity markets. IRONORE/
BHP BHP.AX was flat while Rio Tinto RIO.AX fell 0.2%.
Gold stocks .AXGD declined 0.6% as prices of the precious metal fell on higher U.S. treasury yields. GOL/
Northern Star Resources NST.AX dropped 0.6% while Evolution Mining EVN.AX slipped 0.7%.
Energy stocks .AXEJ too shed 0.3%, tracking a dip in oil prices. The sub-index is on its way to snap a nine-day winning streak. O/R
Woodside Energy WDS.AX dipped 0.3% and Santos STO.AX was flat.
Among company news, shares of Syrah Resources SYR.AX rose 2.3% to A$0.22 after it secured a loan waiver amid Mozambique unrest.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.1% to 13,060.63 points.
(Reporting by Sneha Kumar in Bengaluru; Editing by Alan Barona)
((Sneha.kumar@thomsonreuters.com))
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