Aust stocks close slightly higher
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The Australian sharemarket closed slightly higher after the iron ore price lifted further and the major miners edged into positive territory.
At the 4.15pm (AEDT) official market close, the benchmark S&P/ASX200 index added 16.8 points, or 0.31%, higher to 5,366.9, while the broader All Ordinaries index added 17.1 points, or 0.32%, to 5,376.8.
IG markets strategist Evan Lucas said the price of iron ore has added 7.4% since it bottomed out on fears Chinese demand will fall due to oversupply.
Investors were also watching a slight lift in Japanese inflation today.
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