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An excavator at the Fortescue Solomon iron ore mine. Australian exporters did well this year due to supply constraints magnified by Russia's war in Ukraine.   © Reuters
Market Spotlight

Australia's resource-led economy digs stock markets out of hole

Share prospects brighten as central bank nears end of rate-tightening cycle

PRASHANT MEHRA, Contributing writer | Australia

SYDNEY -- Australian investors are riding out global market volatility and aggressive central bank tightening better than most, with local shares trading only slightly lower this year.

Analysts expect the Australian stock market to outperform many of its bigger peers even in the face of slowing economic growth and a fading bonanza from commodities exports in coming quarters.

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