Aussie shares extend gains

Australian share market closed higher for second consecutive day on Wednesday, 15 October 2014, on the back of gains in telecom, tech, financial, industrial, retailer, and mining stocks. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index each rallied by 0.7% to 5245.60 points and 5238 points, respectively. Turnover was relatively healthy with 1.77 billion shares worth of A$4.76 billion traded today.

Sydney shares started the session on a firm note, on tracking positive lead from Wall Street overnight. Meanwhile, shares gain accelerated after disappointing Chinese inflation data fuelled expectations more monetary easing was yet to come in the world's second largest economy.

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