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AAP
AAP
Business
Adrian Black

Australian shares pare early gains for modest rebound

ASX Donald Trump Oil United States Kyle Rodda Iran Liontown Middle East
The ASX bounced back after spiking oil prices eased, but ran out of steam by the close of trading. (Dean Lewins/AAP PHOTOS)

Australia's share market has pared some early gains, after US government indications the Iran war might end soon couldn't sustain buying in the afternoon. 

The S&P/ASX200 spiked more than 150 points in early trade on Tuesday, but the lead faded to 93.6 points by the close, up 1.09 per cent, to 8,692.6.

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