AAP Finance

Australian stocks rise even as US bond yields soar

The Australian Stock Exchange in Sydney.
The share market finished up 0.3 per cent despite pressure from rising US Treasury yields. -AP

The Australian share market has thrown off its morning doldrums to finish higher, shrugging off concerns about rising US bond yields and fears about the fighting in the Middle East igniting a wider conflict. 

The benchmark S&P/ASX200 index on Wednesday finished up 21.5 points, or 0.3 per cent, to 7,077.6, while the All Ordinaries grew 21.3 points, or 0.29 per cent, to 7,265.7.

The Australian dollar was buying 63.82 US cents, from 63.49 US cents at Tuesday's ASX close.