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Australian stocks surge almost 2 percent

Xinhua, July 14, 2015 Adjust font size:

Australian stocks continued their surge throughout Tuesday as investors cheered the tentative Greek bailout.

The benchmark S&P/ASX200 index closed 1.9 percent higher to 5577.4 points, while the broader All Ordinaries index rallied 1.86 percent to 5561.9 points.

The major miners surged, with BHP Billiton gaining 2.61 percent and rival Rio Tinto rallied 2.99 percent while Fortescue Metals lifted 3.77 percent.

Australia's financials also closed in the black, with ANZ up 0. 94 percent, the National Australia Bank gaining 1.79 percent, Westpac lifting 1.97 percent and the Commonwealth Bank of Australia closing 1.26 percent higher. Endi