Australian shares closed higher on Wednesday on the back of healthcare and bank stocks, while investors assessed a key domestic inflation data that further strengthened the case of a sooner-than-expected interest rate cut in the country.
The S&P/ASX 200 index closed 0.5% higher at 7,819.60 points. The benchmark ended 0.4% lower on Tuesday.
Australian consumer price inflation held at a two-year low in February, contrary to expectations for a slight uptick, according to data from the Australian Bureau of Statistics.
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