The Australian share market advanced on Thursday, 22 May 2014, with every sector measured by the ASX rising, led by materials & resources and energy shares. The gain in the local bourse was credited to positive Wall Street overnight and better than expected flash reading on Chinese manufacturing. The benchmark S&P/ASX200 and the broader All Ordinaries each rose by 1% to 5479.90 and 5458.10, respectively.
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