ASX Wrap: Technology lifts the ASX as falling oil relieves inflation pressure ASX Rises as Technology Rallies and Energy Falls

Australian shares finished higher on Tuesday, September 22, as a technology rally and lower oil prices outweighed weakness in energy companies and continued anxiety about domestic interest rates.

The S&P/ASX 200 closed 25.9 points, or 0.30 per cent, higher at 8,757.8. The All Ordinaries gained 0.36 per cent to 8,951.0, while the All Technology index rose 1.71 per cent.

Information technology was the strongest major sector, up 2.67 per cent. Megaport gained 4.3 per cent, NextDC rose 3.8 per cent and Life360 added 2.9 per cent, according to the ABC’s closing market report. The move followed a record Nasdaq close and reflected renewed demand for growth assets as oil prices eased.

Consumer discretionary gained 1.29 per cent, while real estate and healthcare each rose 0.76 per cent. The simultaneous strength of technology, discretionary shares and listed property was consistent with a modest easing in market inflation anxiety, although it did not erase expectations of a possible RBA increase at the 29 September meeting.

Energy was the clear laggard, down 1.16 per cent, after Brent crude briefly fell below US$100 a barrel overnight. Origin Energy dropped about 4 per cent, Woodside lost 2.4 per cent and AGL declined 2.3 per cent. Utilities were the weakest sector overall, down 2.03 per cent.

Among larger and liquid movers, Telix Pharmaceuticals rebounded 6.85 per cent after the previous session’s sharp acquisition-related decline. IDP Education jumped 20.67 per cent and was the largest percentage gainer in the ASX 300 screen, while Catalyst Metals fell 14.37 per cent. Those moves should be checked against company announcements before publication; percentage rankings alone do not establish cause or index impact.

Mining performance was mixed. Sunrise Energy Metals rose 12.71 per cent, FireFly Metals added 5.7 per cent and Bellevue Gold gained 4.8 per cent, while Resolute Mining lost 4.44 per cent.

The Australian dollar traded near US71.18 cents late in the session. Oil remained volatile as markets assessed potential US–Iran talks, making energy prices a continuing input into inflation expectations, bond yields and the RBA outlook.

For Wednesday, investors will watch oil, offshore technology leads, Australian bond yields and any new evidence that changes the probability of a September rate rise.

Market dashboard

S&P/ASX 200: 8,757.8, up 25.9 points or 0.30 per cent.

All Ordinaries: 8,951.0, up 0.36 per cent.

Best sector: Information Technology, up 2.67 per cent.

Weakest sector: Utilities, down 2.03 per cent. Energy fell 1.16 per cent.

Material winner: Telix Pharmaceuticals, up 6.85 per cent. Megaport rose 4.3 per cent and NextDC rose 3.8 per cent.

Material loser: Origin Energy, down about 4 per cent. Woodside fell 2.4 per cent.

ASX 300 percentage leader: IDP Education, up 20.67 per cent. Confirm announcement context before publication.

ASX 300 percentage laggard: Catalyst Metals, down 14.37 per cent. Confirm announcement context before publication.

AUD/USD: Approximately US$0.7118 late in the session.

Next catalyst: RBA policy decision on 29 September, oil-price volatility and offshore technology trading.

Rolex has reached into one of the most fascinating corners of its archive for a watch that expands the brand’s contemporary Perpetual collection.

The new Perpetual Padellone takes its name from reference 8171, the complete-calendar Rolex known to collectors by the Italian nickname “Padellone”. The historical model is celebrated for its unusual combination of calendar information, moonphase display and elegant proportions—qualities that distinguished it from the sports watches now most closely associated with the marque.

The modern interpretation displays the date, day, month and moonphase alongside the time. Rolex describes the mechanism as an instantaneous complete annual calendar, meaning its indications are designed to change in a coordinated fashion while requiring correction only for the calendar’s exception periods, subject to the operating instructions.

Its importance lies not simply in adding another complication. Rolex’s current identity is built on refinement through repetition: familiar cases, bracelets and functions improved across generations. A Padellone-inspired calendar broadens that vocabulary and gives collectors a dressier, more poetic counterpoint to the brand’s professional models.

The challenge will be expectation. Any watch invoking reference 8171 arrives under the weight of auction history and collector mythology. The strongest modern revivals acknowledge that past without reproducing it mechanically. Rolex’s official description points to that balance, positioning the watch as a continuation of the earlier model’s spirit rather than a replica.

Australian price, allocation and delivery will be crucial. Demand for significant new Rolex references typically exceeds immediate supply, and availability can vary between authorised dealers. Prospective buyers should treat overseas pricing or secondary-market premiums cautiously until local retail information is confirmed.

For now, the Perpetual Padellone stands as one of Rolex’s most intellectually interesting recent releases: a technically ambitious watch that reminds collectors the company’s history extends well beyond the dive watch and chronograph.

Fact box

Model: Rolex Perpetual Padellone

Functions: hours, minutes, seconds, date, day, month and moonphase

Complication: instantaneous complete annual calendar

Historical inspiration: Rolex reference 8171, nicknamed Padellone

ASX Wrap: Technology lifts the ASX as falling oil relieves inflation pressure

Market dashboard

The Perpetual Padellone draws its name from the coveted reference 8171 while introducing an instantaneous complete annual calendar to Rolex’s modern Perpetual collection.

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