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ASX thumps global peers in best November in 30 years – afr.com

A heavy rotation into value and domestic cyclicals has lit a fire under the sharemarket’s performance in November, with the local bourse set to cap off its best…

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Numerous rate cuts from the Reserve Bank of Australia, the implementation of yield curve control and a $100 billion quantitative easing program, coupled with strong fiscal support from the Australian government has laid the groundwork for a strong rebound, particularly in domestic cyclicals.
The local sharemarket has lagged in the recovery through most of the year, as index-heavy value stocks suffered through the downturn while the high-flying tech stocks soared.
Banks, miners and energy stocks…

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