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Australia, New Zealand: Shares edge up

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Australian shares rose 0.3 per cent on Thursday to close just shy of a near one-year high, led by gains in miners and speculation that interest rates could be cut next week.

[MELBOURNE] Australian shares rose 0.3 per cent on Thursday to close just shy of a near one-year high, led by gains in miners and speculation that interest rates could be cut next week.

The S&P/ASX 200 index climbed 16.9 points to close at 5,556.60. During trading on Wednesday, it touched 5,564.60, the highest level since August 7, 2015.

New Zealand's benchmark S&P/NZX 50 index barely changed, up 0.1 per cent or 4.45 points to finish the session at 7306.35 points. On Tuesday, it hit a record high of 7,325.27.

REUTERS

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