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Big hitters take ASX to two-week high

Nov 07, 2018 - Australian Financial Review

Australian shares rallied to a two-week high on Tuesday, with heavyweight sectors lifting the market in thin trading on Melbourne Cup day.

The S&P/ASX 200 Index climbed 1 per cent, or 57 points, to 5875, while the All Ordinaries rose 0.9 per cent, or 53 points, to 5958 and the Australian dollar traded 0.1 per cent higher against the US dollar at US72.16ยข.

Wall Street set the stage for gains in the Australian market in early trading, after a mostly positive day of trading as commodit...