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Banks, energy stocks help lift Australian shares
Australian shares ended higher on Monday, lifted by strength in financial and energy stocks, while a wave of takeover activity helped the benchmark extend gains for a second consecutive session. The benchmark S&P/ASX 200 index closed 0.4% higher at 8,845.70 points, its highest level since September 9. The index closed 1% higher on Friday. Energy stocks climbed as much as 2.2% to their highest level since mid-September, led by a 6.4% jump in New Hope after the coal miner agreed to acquire unlisted Malabar Resources in a deal valued at about A$2.4 billion ($1.67 billion). Shares of sector ma...
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