AdvertisementUpdated BusinessMarketsWorld markets ASX gains as RBA keeps rates on hold; oil stocks rally, SGH, Life360 plunge Staff writers Updated August 11, 2026 — 5:17pm ,first published August 11, 2026 — 5:18am Save You have reached your maximum number of saved items. Share A A AThe Australian sharemarket finished higher after the Reserve Bank kept interest rates unchanged, with energy stocks rallying due to the latest jump in oil prices amid the US-Iranian stalemate over the Strait of Hormuz. Kerry Stokes’ SGH, which owns 20.1 per cent of Southern Cross, slumped 10.3 per cent after saying its net profit stalled at $920 million. Mining stocks were also moderately higher, with BHP up 0.7 per cent, Rio Tinto up 0.5 per cent and Fortescue up 0.2 per cent. Momentum slowed for Wall Street stocks following a rally powered by soaring profits for big US companies.