News: Election clarity and firmer Wall St lift Australian shares

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    SYDNEY, July 11 (Reuters) - Australian shares closed 2 percent, or 106.6 points higher on Monday, helped by a clear winner in the national election and a firmer lead from U.S. markets.

    The S&P/ASX 200 index (xjo) finished 2 percent, or 106.6 points higher at 5,337.1 at the close of trade.

    Prime Minister Malcolm Turnbull has begun the hard work of uniting a divided parliament after claiming a tight victory in Australia's cliffhanger election.

    New Zealand's benchmark S&P/NZX 50 index (nz50) closed 0.9 percent, or 62.35 points higher, to finish the session at 7,062.45.

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