AU Evening Wrap | ASX Rises Modestly as Traders Weigh Risks Amid Geopolitical Tensions

The S&P/ASX 200 slightly rose 0.09% to finish at 8202.5, with real estate stocks propping up the index, while tech and health stocks dragged it down.

On the other hand, the energy sector did not carry forward its strong showing from yesterday. Falling oil prices and worries about global demand have weighed on energy stocks. Investors remain wary of the sector's volatility due to fluctuating commodity prices.

Australia's IPO market is experiencing its worst slowdown in 15 years, as companies opt to tap into private capital rather than go public, with owners avoiding the scrutiny that comes with listing to protect their high valuations. Data shows only $US495 million ($720 million) was raised through ASX IPOs in the first nine months of the year, marking the lowest level since 2012 as of September 30.

Australian petrol prices have fallen to their lowest average in over two years. Analysts and motoring groups report that, despite more than a year of conflict between Israel and Hamas in Gaza, oil markets and fuel prices in Australia have remained relatively calm. The latest industry data shows that the national average weekly pump price for unleaded petrol has dropped to $1.72 per litre.