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Economics

Market wrap - midday

Australian stocks were up across the board at midday, running with a positive US lead, and as a takeover frenzy lured investors back after yesterday's losses. At 1200 AEST, the benchmark S&P/ASX200 Index was 70 points higher to 5,985.8, while the all ordinaries rose 63.2 points to 5,971.4.

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