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Australia’s benchmark S&P/ASX 200 surged to its highest level in almost seven years on Tuesday after the Reserve Bank of Australia cut the interest rates to a record low of 2.25 per cent.
The index extended gains, adding 1.2 per cent to an intra-day peak of 5,692.7 points, its highest since May 2008 and on track for a ninth straight day of gains.
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