Reuters: Hot Stocks: Australia shares up 0.5 pct on strong miners, U.S. hopes

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Australia shares up 0.5 pct on strong miners, U.S. hopes Nov 19th 2012, 23:28 Tweet Share this Email Print Mon Nov 19, 2012 6:28pm EST (Updates to opening levels) CANBERRA, Nov 20 (Reuters) - Australian shares rose 0.5 percent early on Tuesday, led by miners on firmer metal prices, with the broader market finding support from encouraging U.S. housing data and hopes that U.S. lawmakers will be able to resolve the budget crisis. Top miner BHP Billiton Ltd climbed 1.4 percent and Rio Tinto Ltd jumped 1.8 percent. The benchmark S&P/ASX 200 was 22.8 points higher at 4,384.2 as of 2317 GMT. The index rose 0.6 percent on Monday. New Zealand's benchmark NZX 50 index rose 0.8 percent to 3,975.8. Shares of New Zealand's Fletcher Building Ltd surged almost 4 percent to their highest in more than a year, after the company said it expected at least a 12 percent rise in earnings this year. (Reporting By Maggie Lu Yueyang; Editing by Chris Gallagher) 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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