Reuters: Hot Stocks: Australia shares extend ascent into fifth day

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Australia shares extend ascent into fifth day Dec 12th 2012, 23:22 Tweet Share this Email Print Wed Dec 12, 2012 6:22pm EST MELBOURNE, Dec 13 (Reuters) - Australian shares nudged up 0.1 percent early on Thursday, extending gains to a fifth day after the U.S. Federal Reserve announced new stimulus measures while at the same time warning monetary policy won't be enough to offset damage from the "fiscal cliff." The benchmark S&P/ASX 200 index, which hit a 17-month high on Wednesday, was up 4 points at 4,587.8 by 2317 GMT. New Zealand's benchmark NZX 50 index fell 0.2 percent to 3,985.4. Iluka Resources Ltd sank 4 percent after it said zircon and synthetic rutile volumes are near the bottom end of advised ranges and market conditions for its mineral sands products remained challenging. (Reporting by Miranda Maxwell; Editing by John Mair) 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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