Reuters: Hot Stocks: Australia shares rise 0.5 pct, resources lead

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Australia shares rise 0.5 pct, resources lead Dec 18th 2012, 05:20 Tweet Share this Email Print Tue Dec 18, 2012 12:20am EST (Updates with closing levels) MELBOURNE, Dec 18 (Reuters) - Australian shares gained 0.5 percent on Tuesday to a 17-month high, boosted by hopes for further rate cuts and optimism about U.S. budget talks. The benchmark S&P/ASX 200 index advanced 21.8 points to 4,595.2, according to latest data, the highest close since July 22, 2011. Resource stocks closed higher, propelled by a rise in iron ore prices. New Zealand's benchmark NZX 50 index closed 0.3 percent higher at 3,979.3. (Reporting by Victoria Thieberger; Editing by Jeremy Laurence) 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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