Australian shares hit one-month high on year-end rally, upbeat sentiment
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Australian shares reached a one-month high, driven by year-end positioning and positive global sentiment. The S&P/ASX 200 index rose 1.1% to 8,795.70 points. Financials climbed 1.5%, with major banks rising after RBA minutes suggested rates could remain high if inflation persists. Miners gained 0.7%, supported by strong commodity demand. Property stocks surged 3% following Goodman Group's $9.32 billion European project deal. The market is set to end the holiday-shortened week higher.
Source: Reuters The copyright of this article belongs to the original author/organization.
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