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AAP
AAP
Business
Adrian Black

Shares surge on hopes of US Iran exit but risks remain

Donald Trump United States Iran David Bassanese Oil Joel Carrett Middle East ASX
Many Australian stocks have bounced back into positive territory on hopes the war will end soon. (Joel Carrett/AAP PHOTOS)

Australia's share market has bounced sharply on optimism the US will wind down its military campaign against Iran, but doubts remain and aftershocks from the conflict are likely to linger.

The S&P/ASX200 soared by 190 points on Wednesday, up 2.24 per cent, to 8,671.8, as the broader All Ordinaries gained 201.7 points, or 2.32 per cent, to 8,885.6.

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