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Australia Shares Set to Pause Rally at the Open

2239 GMT – Australia's S&P/ASX 200 looks set to slip at the start of Thursday's session following a mixed lead from U.S. equities. ASX futures are down by 0.4% ahead of the open, suggesting that the benchmark index might pause its recent rally. Last week, the ASX 200 snapped a run of five straight weekly gains, but is up 0.6% so far this week after back-to-back advances. Ahead of the open, dual-listed miner Champion Iron announced a US$450 million refinancing and Westgold said it awarded an underground mining contract to Perenti. In the U.S., tech stocks led the Nasdaq Composite 0.3% higher. The S&P 500 was flat and the DJIA fell 0.25%. (stuart.condie@wsj.com)
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