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Lunch Report: ASX 200 Gives Up Gains, Banks Consolidate After Yesterday’s Plunge

Banks pushed the market higher in early trade after Westpac announced $2.2bln in impairments without pursuing a capital raising, although by lunch the market had surrendered the early gains to be flat, after being up 52pts at session highs.

Banks pushed the market higher in early trade after Westpac announced $2.2bln in impairments without pursuing a capital raising, although by lunch the market had surrendered the early gains to be flat, after being up 52pts at session highs.

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