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Materials sector drives ASX to three-week high – The Australian Financial Review

Australian shares closed at a three-week high on Friday, with performances from the materials and tech sectors buoying the market….

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Rio Tinto closed the week lower, dropping 0.8 per cent to $99.60. On Friday it reported it had downgraded its iron ore export target for the third consecutive year and downgraded production for a number of its other business units.
The gains from the smaller…

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