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Australia shares set to track Wall Street higher; NZ rises

Australian shares are set to open higher on Monday, with gains in U.S. peers likely to offset investor fears regarding a surge in coronavirus cases in the state of Victoria. The Nasdaq posted its sixth record closing high in seven days on Friday, as an analysis of Gilead Sciences Inc's antiviral drug to treat COVID-19 yielded positive results. Victoria, however, marked a week of triple-digit increases in new coronavirus infections on Sunday

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