Reuters: Hot Stocks: Australia shares rise 0.9 pct, reaching 7-week high

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Australia shares rise 0.9 pct, reaching 7-week high Dec 7th 2012, 05:28 Tweet Share this Email Print Related Topics Basic Materials » Cyclical Consumer Goods » Energy » Non-Cyclical Consumer Goods » Fri Dec 7, 2012 12:28am EST (Updates to close) Dec 7 (Reuters) - Australian shares rose 0.9 percent on Friday to reach a seven-week closing high, with top miners supported by rebounding iron ore prices and the broader market up ahead of China's industrial production data over the weekend. Top global miner BHP Billiton Ltd climbed 0.9 percent and rival Rio Tinto Ltd edged up 0.4 percent. The benchmark S&P/ASX 200 index gained 42.5 points to 4,551.8, according to the latest data. The benchmark slipped 0.3 percent on Thursday. New Zealand's benchmark NZX 50 index rose 0.5 percent to 4,041.5 in early trade. (Reporting by Maggie Lu Yueyang; Editing by Richard Borsuk) Non-Cyclical Consumer Goods Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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