Australia Shares hit fresh two-year high

Australian equity market finished session above the neutral line fourth straight session on Wednesday, 12 April 2017, thanks to modest strength in resources stocks and further gains in major banks, which helped to offset a slump in Telstra after a rival communications company unveiled plans to build a rival mobile network in the country. At the close, the benchmark SS&P/ASX 200 edged up 4.7 points, or 0.1%, to 5934.0--its highest close since late April 2015.

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