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AAP
AAP
Business
Adrian Black

Shares lift as rate-sensitive stocks continue higher

RBA United States Interest Rates JP Morgan
The S&P/ASX200 has snapped a three-session losing streak as the local interest rate outlook softens. (Bianca De Marchi/AAP PHOTOS)

Australia's stock market has snapped a three-session losing streak, as interest rate-sensitive stocks rallied on hopes the Reserve Bank is finished hiking rates.

The S&P/ASX200 rose 49.1 points on Wednesday, up 0.57 per cent, to 8,653.3, as the broader All Ordinaries gained 32.2 points, or 0.36 per cent, to 8,857.

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