Wednesday, December 5, 2012

Reuters: Hot Stocks: Australia shares inch up; banks, miners lead

Reuters: Hot Stocks
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Australia shares inch up; banks, miners lead
Dec 5th 2012, 23:16

Wed Dec 5, 2012 6:16pm EST

SYDNEY Dec 6 (Reuters) - Australian shares inched up in early morning trade, boosted by banks and mining stocks after Chinese Communist Party chief Xi Jinping said the country will craft economic policies next year to ensure stable economic growth.

The benchmark S&P/ASX 200 index was 0.1 percent or 6.5 points higher at 4,526.9 by 2311 GMT. The benchmark rose 0.4 percent on Wednesday.

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