Stocks Are Flying High Down Under

Lower rates and an entree to Asia have investors rushing in

Like planets in lucky alignment, global economic events have smiled on Australia's stock market. After a dismal 1994, the benchmark Australia All-Ordinaries index began picking up steam a year ago, turning in a healthy 15% gain in 12 months. Now, analysts expect the index to hit an all-time high in 1996 and keep on rising.

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