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Australian shares set for best day since mid-June as Democrats' win sparks rally
Australian shares were on track for their best session since mid-June on Thursday, mirroring a rally in global equities as Democrats’ sweep of the US midterm elections boosted risk appetite and offset a sharp fall in National Australia Bank. The S&P/ASX 200 index advanced 1.8% to 8,991.30 by 0102 GMT, putting it on course for its strongest daily gain since June 12. The index had closed 0.6% lower on Wednesday. Gains were broad-based, with nine of 12 sectors trading higher after global markets rallied overnight on expectations that Democrats’ control of both chambers of Congress would reduc...
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