Reuters: Hot Stocks: Australia shares ease 0.3 pct; Fortescue rises

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Australia shares ease 0.3 pct; Fortescue rises Dec 16th 2012, 23:25 Tweet Share this Email Print Sun Dec 16, 2012 6:25pm EST (Updates with opening levels) MELBOURNE, Dec 17 (Reuters) - Australian shares opened 0.3 percent lower on Monday on uncertainty over whether the United States will avoid steep tax hikes and spending cuts in two weeks that threaten to trigger a U.S. recession. Shares in Fortescue Metals Group jumped 2.6 percent after the group said it is considering selling a minority stake in its Pilbara Infrastructure arm after receiving strong interest in the iron ore port and rail assets from a number of strategic and financial parties. The benchmark S&P/ASX 200 index slipped 11.8 points to stand at 4,571.3 at 2318 GMT. The benchmark ended flat on Friday near a 17-month high. New Zealand's benchmark NZX 50 index dipped 0.25 percent to 3,969.3. (Reporting by Victoria Thieberger; Editing by Edwina Gibbs) 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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