Reuters: Hot Stocks: Australia shares rise 0.7 pct, led by miners and banks

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Australia shares rise 0.7 pct, led by miners and banks Dec 6th 2012, 23:23 Tweet Share this Email Print Related Topics Basic Materials » Cyclical Consumer Goods » Energy » Thu Dec 6, 2012 6:23pm EST (Updates to open) Dec 7 (Reuters) - Australian shares rose 0.7 percent in early trade on Friday, tracking modest gains in global equities, with top miners supported by rebounding iron ore prices and banks recovering from losses in the previous session. BHP Billiton Ltd climbed 0.9 percent and rival Rio Tinto Ltd added 0.6 percent. The nation's biggest lender, Commonwealth Bank of Australia, rose 0.7 percent. The benchmark S&P/ASX 200 index gained 30.8 points to 4,540.2 by 2317 GMT. The benchmark slipped 0.3 percent on Thursday. New Zealand's benchmark NZX 50 index edged up 0.1 percent to 4,027.4 in early trade. (Reporting By Maggie Lu Yueyang; Editing by Richard Pullin) 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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