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AAP
AAP
Business
Adrian Black

Australian shares reverse early dip as miners soar

Reserve Bank BHP Interest Rates ASX Commonwealth Bank The Commonwealth Bank United States
Miners and energy stocks propped up a shaky share market after the Reserve Bank's rate rise. (Bianca De Marchi/AAP PHOTOS)

Australia's share market has shrugged off a morning slump to charge higher by the close, buoyed by strength in large cap miners, banks and energy stocks.

The S&P/ASX200 gained 70.7 points on Wednesday, up 0.8 per cent, to 8,927.8, as the broader All Ordinaries rose 55.3 points, or 0.6 per cent, to 9,204.6.

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