Australian shares advanced for the fifth time in six sessions Tuesday, with banks leading the market higher after the Reserve Bank cut interest rates to their lowest level since 1964 and the government said it was planning A$41.5 billion ($26.5 billion) in additional stimulus spending.
Included in the package is A$12.7 billion in cash grants to low-to-middle income earners and families from March, and A$28.8 billion for infrastructure, tax breaks for small businesses, education and jobs creation projects.
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