Australia Market ends highest in 19 months

Australian share market ended at a 19-month high on the first trading day of the year, Tuesday, 03 January 2017, boosted by strong Chinese manufacturing data that indicated the economic rebound in Australia's main trading partner remains intact. All ASX sectors inclined, exception being bullion counter, with financials and miners being major gainers. At the closing bell, the benchmark S&P/ASX 200 index inclined 67.40 points, or 1.19%, to 5733.20, while the broader All Ordinaries index added 65.50 points, or 1.15%, to close at 5784.60. The index climbed 7% in 2016, its best yearly performance since 2013, as gains in most commodity prices powered a bull run among miners.

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