Australian stocks have enjoyed a great start to the new financial year. The benchmark ASX 200 rose 1.04% on the back of gains in the financial and energy sectors.
On closer examination, not only was it a hefty gain, but the largest to start a financial year since June 1999.
That year the index enjoyed a gain of 7.91%. Given uncertainties facing stocks at present, many investors would take that for the year ahead.
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