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AAP
AAP
Business
Adrian Black

Shares bounce after inflation print softens rate fears

Inflation RBA
The ASX has had its best session since early August after some relative good news on inflation. (Dan Himbrechts/AAP PHOTOS)

Australian shares have had their strongest session since early August after lower-than-feared inflation figures tempered concerns of further imminent interest rate hikes.

The S&P/ASX200 gained 80 points on Wednesday, up 0.92 per cent, to 8,798.3, as the broader All Ordinaries improved by 82.6 points, or 0.93 per cent, to 8,969.2.

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