Australia market bounces 1.6%

Australian share market rebounded sharply from two months low on Thursday, 19 June 2014, fueled by gain in iron ore prices and hints from the Federal Reserve that interest rates would stay at record lows well into next year. All sectors ended high due to bargain hunting, with mining, industrials, energy and financial blue chips leading the rally. The benchmark S&P/ASX200 advanced 1.6% to 5468.20 and the broader All Ordinaries grew 1.5% to 5446.4.

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