Aussie shares bounce after China PMI data

Australian share market closed sharp higher on Tuesday, 23 September 2014, as better than expected economic data from China sparked buying activities across the board, with shares of financials and materials companies being major gainers. The benchmark S&P/ASX 200 Index advanced by 52.70 points, or 0.98%, to 5415.70 and the broader All Ordinaries Index gained 47.70 points, or 0.89%, to 5415.90. Turnover was relatively strong with 2.08 billion shares worth of A$4.49 billion traded today.

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