Australia shares extend gains on rate cut hopes

April 7, 2015 2:01 AM

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* 161 shares up, 29 down, 10 unchanged (Adds analysis, quotes, stocks on the move)

SYDNEY/WELLINGTON, April 7 (Reuters) - Australian shares posted their best performance in nearly three weeks on Tuesday as expectations grew that the Reserve Bank of Australia would cut interest rates again later in the day.

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