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Australia: Shares climb almost 1 per cent, BOJ decision helps sentiment

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Australian shares rose almost 1 per cent on Monday, climbing for a third consecutive session, as the Bank of Japan's decision to cut a benchmark interest rate below zero buoyed market sentiment.

[SYDNEY] Australian shares rose almost 1 per cent on Monday, climbing for a third consecutive session, as the Bank of Japan's decision to cut a benchmark interest rate below zero buoyed market sentiment.

The S&P/ASX 200 index rose 38.08 points to 5,043.60 at the close of trade. The benchmark was up 0.76 per cent on Monday.

New Zealand's benchmark S&P/NZX 50 index edged up 0.07 per cent or 4.27 points to finish the session at 6174.49.

REUTERS