Australia Stocks rise on bargain hunting

Australian equity market ended higher after recouping early weakness on Wednesday, 10 May 2017, thanks to bargain hunting in mid-cap lenders as prospect of a new tax on big banks eased. Meanwhile, strength in materials and resources also supported the market recovery. The S&P/ASX 200 finished up 35.50 points, or 0.61%, at 5875.40.

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