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Australia: Miners lift shares before RBA decision; NZ at record high

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[BENGALURU] Australian shares were up slightly on Tuesday led by gains for heavyweight miners, although trading was subdued as many investors held back ahead of an interest rate decision by the central bank. Read more at The Business Times.

[BENGALURU] Australian shares were up slightly on Tuesday led by gains for heavyweight miners, although trading was subdued as many investors held back ahead of an interest rate decision by the central bank.

Trading volumes were at a fifth of their 30-day average as investors waited on a Reserve Bank of Australia policy review later in the day, at which it is widely expected to deliver a second rate cut to add to its easing last month. Fortescue Metals Group, the world's fourth largest miner, rallied 1.5 per cent and was at a near 11-year high.

Payments platform operator Afterpay Touch Group was the largest percentage gainer in the ASX 200 after it named a new chief executive.

 

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