Australia Shares Rise on Commodity Strength
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The S&P/ASX 200 Index increased by 0.2% to approximately 8,790, driven by gains in commodity-linked stocks such as Woodside Energy and Lynas Rare Earths. Technology stocks also contributed, with Droneshield rising 8.2%. Despite a 14% drop in annual cash earnings, ANZ Group's shares climbed over 1%. Reserve Bank of Australia Deputy Governor Andrew Hauser highlighted the challenge of maintaining tight monetary policy to control inflation.
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