Australian shares end higher; GDP data quells rate hike fears

 



Australian shares finished Wednesday on a positive note, driven by increases in financial, healthcare, and real estate stocks. Additionally, concerns regarding any imminent interest rate hikes by the central bank were alleviated by the country's sluggish economic growth in the first quarter.

The S&P/ASX 200 benchmark index concluded 0.4% higher at 7,769.0 points. This followed a 0.3% decline in the benchmark on Tuesday.

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