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The Economic Times
The Economic Times
Business

Global markets | Australian shares rise modestly as sticky core inflation keeps rate hike bets alive

Australian shares closed marginally higher on Wednesday as investors took on a cautious stance after higher-than-expected core inflation in May kept bets on further policy tightening still on the table.

The ‌S&P/ASX 200 ⁠index ⁠ended 0.2% higher at 8,808.40 points. The benchmark had closed 0.3% lower on Tuesday.

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