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ASX rallies in afternoon trade

ASX rallies in afternoon trade

The Australian share market rebounded strongly on Thursday, buoyed by gains in cyclical stocks, after a lacklustre start to trading. The benchmark S&P/ASX200 added 0.74 per cent, or 52 points, to reach 7,087.3, while the broader All Ordinaries rose a similar amount to 7,297.7. The Australian dollar was higher at the end of trading, buying...