Reuters: Hot Stocks: Australia shares end volatile day flat

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Australia shares end volatile day flat Jan 22nd 2013, 05:18 Tweet Share this Email Print Related Topics Basic Materials » Energy » Tue Jan 22, 2013 12:18am EST (Updates to close) SYDNEY, Jan 22 (Reuters) - Australian shares ended a volatile trading day flat, retreating from a fresh 20-month high hit earlier on Tuesday with the Bank of Japan's asset buying plans to stimulate the economy failing to bolster investor confidence. The Bank of Japan doubled its inflation target to 2 percent and eased monetary policy further, a widely expected move in response to relentless political pressure for bolder action to pull the country out of deflation. The S&P/ASX 200 index was 1.6 points higher at 4,779.1 according to latest data, after peaking at 4,801.7 during trade. New Zealand's benchmark NZX 50 index also finished flat, up 1.9 points to 4,187.1. (Reporting by Thuy Ong; Editing by Jeremy Laurence) 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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