The Australian market has been witnessing continuous selling pressure throughout the week, and today is no different. The benchmark index tanked over 1% in early trade as investors digested the US inflation data for April 2022, an 8.3% increase year on year basis. After rebounding from lower levels yesterday, the small caps are again trading in the red zone, with the ASX Small Ordinaries index falling 1.07%. However, there are a few ASX penny stocks that are going against the grain in today’s session and delivering high returns.
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