Aust stocks close stronger
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The Australian stockmarket has closed higher after local economic growth data beat expectations and tensions between Russia and Ukraine eased.
At the 1615 AEDT official market close, the benchmark S&P/ASX200 index rose 0.85% to 5,446.2 points, while the broader All Ordinaries index added 0.84% to 5,457.3 points.
IG chief market strategist Chris Weston said Asia reacted positively to strong Wall Street leads after appeasing comments from Russian President Vladimir Putin.
"While most had expected a positive resolution, this has probably come sooner than most had expected, not that we are fully out of the woods yet," Mr Weston said.
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