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Australia, NZ shares end higher, join global rally after Brexit shock

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Australian shares rose 1.77 per cent on Thursday and New Zealand stocks also gained, recovering in part from sharp falls that followed the UK's Brexit vote.

[SYDNEY] Australian shares rose 1.77 per cent on Thursday and New Zealand stocks also gained, recovering in part from sharp falls that followed the UK's Brexit vote.

The S&P/ASX 200 index added 91 points to 5,233.4 at the close of trade. The benchmark has now recouped two thirds of its 274.4 point fall in the wake of the vote, as markets around the world regain some of their losses.

New Zealand's benchmark S&P/NZX 50 index gained 1.37 per cent, or 93.32 points, to finish the session at 6897.53.

REUTERS