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Australian shares rose to a 20-week high on Thursday as hopes for an interest rate cut within days pushed up indexes even as oil prices at multi-year lows sent energy stocks sharply lower.
The S&P/ASX 200 index rose 0.3 per cent or 16.7 points to close at 5,569.5, its highest since September 10 and its seventh consecutive day of gains.
New Zealand’s benchmark NZX 50 index touched a record intra-day high before retreating to finish down 35.0 points or 0.6 per cent at 5,759.8.
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