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Australia, NZ shares set to track Wall Street higher

Published 18/08/2020, 08:07 am
© Reuters.
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Aug 18 (Reuters) - Australian shares were set to gain on Tuesday, following an overnight rally in U.S. peers, with the tech-heavy Nasdaq .IXIC surging to an all time high and the S&P 500 .SPX flirting with its intraday record level.

The local share price index futures YAPcm1 jumped 0.52%, a 24.4-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark lost 0.81% on Monday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 1.93% by 2204 GMT.

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