Australia Stocks gains; materials, industrials lead

Australian equity market closed higher on Tuesday, 22 August 2017, supported by gains in materials and industrial stocks. At the close, the S&P/ASX 200 index rose 24.25 points, or 0.4%, to 5,750.10. Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 660 to 487 and 376 ended unchanged. The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was down 8.59% to 13.552.

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