Australia stock market closed mild higher on Wednesday, 02 May 2018, on tracking mixed cues from Wall Street overnight,cautious remarks from RBA Governor Philip Lowe on Tuesday night about the outlook for inflation and ahead of the Federal Reserve's upcoming policy statement later in global day for clues on the future pace of U.S. monetary tightening. Among ASX sectors, financial, material, and resources being notable gains, offsetting losses elsewhere. The benchmark S&P/ASX200 was 0.6% higher at 6,050.2 points, while the broader All Ordinaries index was up 0.6% at 6,136.7 points.Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 693 to 554 and 404 ended unchanged.The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 6.74% to 11.333.
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