Monday, January 21, 2013

Reuters: Hot Stocks: Australia shares up, miners lead

Reuters: Hot Stocks
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Australia shares up, miners lead
Jan 21st 2013, 23:25

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Mon Jan 21, 2013 6:25pm EST

  (Updates to open)      SYDNEY, Jan 22 (Reuters) - Australian shares rose 0.2  percent to a fresh 20-month high in early trade on Tuesday,  headed by the mining sector and supported by a solid lead from  offshore.      Investors will keep an eye on the outcome of the Bank of  Japan's policy meeting, which is expected to announce aggressive  asset buying plans to stimulate the economy.      Global miners BHP Billiton Ltd and Rio Tinto Ltd   were up 0.2 percent and 1.1 percent respectively.      The S&P/ASX 200 index was 11.3 points higher at  4,788.1 by 2314 GMT. The benchmark inched up 0.1 percent to  4,777.5 on Monday.      Perseus Mining Ltd fell 6.9 percent on the back of  a disappointing production report.      New Zealand's benchmark NZX 50 index was 0.3 percent  or 13.3 points lower at 4,171.9.     (Reporting by Thuy Ong; Editing by Richard Pullin)  

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