
Australian shares enjoyed a strong week, with the ASX 200 rising 1.3% and outperforming major global markets. Gains in technology, consumer and property shares helped lift the market, while lower oil prices weighed on energy stocks. The Reserve Bank of Australia raised interest rates for the fifth time to an 18-year high of 4.85%, but its less aggressive outlook for future increases provided some reassurance to investors. Australia’s relatively low exposure to AI-related stocks also helped shield the market from some of the volatility seen overseas.
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