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Closing Bell: US-China trade talks push up ASX as energy stocks ride oil price higher

US Secretary of the Treasury Scott Bessent is expected to meet with senior Chinese officials on Thursday Oil price hike lifts Energy sector more than 2pc Healthcare weighs on market under tariff shadow, down more than 1pc The ASX has bucked the global trend to rise 0.33% today, riding higher on strong movements in energy stocks and strength in resource indices. Energy sector carries gains Renewed demand from new buyers taking advantage of four-year lows kicked oil prices out of their slump, rising about 3% and boosting the Energy sector more than 2% in trading. Woodside (ASX:WDS) lifted 1.65%, Santos (ASX:STO) 2.04% and Ampol (ASX:ALD) 2.77%. As for mid caps, Viva Energy Group (ASX:VEA) jumped 2.79%, Beach Energy (ASX:BPT) 1.69% and Karoon Energy (ASX:KAR) 1.76%. Uranium stocks also contributed to the sector's gains, with several familiar names making moves today. Boss Energy (ASX:BOE) jumped 12.43%, Lotus Resources (ASX:LOT) 11.43%, Deep Yellow (ASX:DYL) 7.59%, Nexgen Energy (ASX:NXG) 7.98% and small cap Energy Resources of Australia (ASX:ERA) soared 50% to $0.0015 a share. Looking outside of resources, ZIP (ASX:ZIP) surged 13%, transport and tourism provider Kelsian Group (ASX:KLS) surged 18.28% and fund manager Magellan Financial Group (ASX:MFG) jumped 7.44%. There isn't too much to be said about the indices today – the ASX Small Ords has shot up 1.69%, and the ASX 200 Resources index 0.77% on strong movements in energy and mining stocks. ASX SMALL CAP LEADERS Today's best performing small cap stocks: Security Name Last % Change Volume Market Cap ICU Investor Centre Ltd 0.002 100% 90003 $304,511 YAR Yari Minerals Ltd 0.008 60% 57400581 $2,411,789 EDE Eden Inv Ltd 0.0015 50% 51752 $4,109,881 TMS Tennant Minerals Ltd 0.007 40% 1826657 $4,779,452 IS3 I Synergy Group Ltd 0.004 33% 126261 $1,502,190 NAE New Age Exploration 0.004 33% 1926412 $7,978,197 PEB Pacific Edge 0.1 33% 38052 $60,893,698 MDR Medadvisor Limited 0.13 30% 1195245 $59,771,564 SRH Saferoads Holdings 0.26 30% 1116579 $8,741,081 CXU Cauldron Energy Ltd 0.009 29% 465955 $10,229,832 CR3 Core Energy Minerals 0.015 25% 1873752 $4,670,553 ASR Asra Minerals Ltd 0.0025 25% 1922945 $5,412,094 ENT Enterprise Metals 0.0025 25% 1001627 $2,356,635 TYX Tyranna Res Ltd 0.005 25% 3984948 $13,151,701 SNX Sierra Nevada Gold 0.021 24% 59434 $2,799,205 PER Percheron 0.011 22% 2111379 $9,786,939 ANR Anatara Ls Ltd 0.006 20% 319625 $1,066,919 FAU First Au Ltd 0.003 20% 932316 $5,179,983 ODE Odessa Minerals Ltd 0.006 20% 3549362 $7,997,663 RDS Redstone Resources 0.006 20% 676710 $4,626,892 SHP South Harz Potash 0.006 20% 930000 $5,412,894 TMK TMK Energy Limited 0.003 20% 7888848 $25,555,958 TMX Terrain Minerals 0.003 20% 2300373 $5,563,058 BCB Bowen Coal Limited 0.485 20% 768790 $43,641,810 BXN Bioxyne Ltd 0.026 18% 4756733 $47,626,232 Making news… Yari Minerals (ASX:YAR) will be snapping up the Rolleston South coal project in Queensland's Bowen Basin, with a 78.9Mt JORC inferred resource already confirmed. It's surrounded by Glencore and Peabody mines, so infrastructure is top-notch. Yari plans to start drilling soon, aiming for semi-soft metallurgical coal, and the deal includes a 19.9% shareholding and performance rights for a bigger resource. Yari's CEO Anthony Italiano says it's primed for growth with big exploration upside. Telehealth company MedAdvisor (ASX:MDR) has received a non-binding letter of intent (LOI) from a major multinational software company to buy its ANZ business division for cash. The offer is confidential for now, but MedAdvisor reckons it's well above its current share price. The deal is part of MedAdvisor's strategy to close the gap between its market value and what it thinks it's really worth. MedAdvisor's ANZ business pulled in a record $2.9 million in April. TMK Energy (ASX:TMK) is eagerly awaiting the onset of gas flows at the Gurvantes XXXV coal seam gas project, where pressure levels are approaching critical desorption requirements. The company says the well is already beginning to produce gas, meaning some of the coals are already at the desired pressure. Targeting an initial mineral resource for early to mid-2026, Terrain Minerals (ASX:TMX) is poised to begin resource expansion drilling at the Lightning and Monza prospects within the Smokebush gold project. The company is targeting some promising areas that have already revealed solid gold and silver mineralisation, up to 11m at 6.03 g/t gold and 43.5 g/t silver from 75m. ASX SMALL CAP LAGGARDS Today's worse performing small cap stocks: Security Name Last % Change Volume Market Cap 88E 88 Energy Ltd 0.001 -50% 67025322 $57,867,624 HCF Hghighconviction 0.02 -33% 864429 $582,194 MOM Moab Minerals Ltd 0.001 -33% 234888 $2,600,499 HIQ Hitiq Limited 0.022 -27% 3466766 $11,026,874 BNL Blue Star Helium Ltd 0.006 -25% 2449702 $21,559,082 EEL Enrg Elements Ltd 0.0015 -25% 2537936 $6,507,557 FFF Forbidden Foods 0.006 -25% 5492203 $5,696,816 MTB Mount Burgess Mining 0.003 -25% 13843544 $1,406,811 OVT Ovanti Limited 0.003 -25% 4591797 $10,806,191 AEV Avenira Limited 0.007 -22% 785255 $28,598,797 NPM Newpeak Metals 0.012 -20% 135578 $4,831,076 VBS Vectus Biosystems 0.06 -20% 12665 $3,995,873 CR9 Corellares 0.002 -20% 200000 $2,342,915 MRD Mount Ridley Mines 0.002 -20% 1254340 $1,946,223 RLG Roolife Group Ltd 0.004 -20% 2174755 $7,480,156 VRC Volt Resources Ltd 0.004 -20% 1000440 $23,423,890 XPN Xpon Technologies 0.017 -19% 4657411 $7,611,271 MIO Macarthur Minerals 0.022 -19% 577628 $5,390,969 CHM Chimeric Therapeutic 0.005 -17% 1025648 $10,904,117 FRX Flexiroam Limited 0.005 -17% 236172 $9,104,392 MEM Memphasys Ltd 0.005 -17% 338947 $11,901,589 MKL Mighty Kingdom Ltd 0.005 -17% 2254795 $2,190,327 RFA Rare Foods Australia 0.005 -17% 223216 $1,631,899 SKK Stakk Limited 0.005 -17% 86523 $12,450,478 IBX Imagion Biosys Ltd 0.011 -15% 377929 $2,617,438 IN CASE YOU MISSED IT Future Metals (ASX:FME) has kicked off a 1-for-3 non-renounceable offer to raise up to $2.64m before costs, partially underwritten by CPS Capital Group Pty Ltd. The company intends to use the funds to advance the Eileen Bore copper-nickel-platinum group metal project, which has generated results up to 120m at 0.73% copper, 0.29% nickel and 0.86 g/t platinum group metals from surface. Trading Halts Augustus Minerals (ASX:AUG) – acquisition Catalyst Metals (ASX:CYL) – potential asset acquisition Culpeo Minerals (ASX:CPO) – cap raise Highfield Resources (ASX:HFR) – proposed organisational and governance change MedAdvisor (ASX:MDR) – acquisition Metgasco (ASX:MEL) – cap raise Wide Open Agriculture (ASX:WOA) – cap raise At Stockhead, we tell it like it is. While Future Metals is a Stockhead advertiser, they did not sponsor this article.