Reuters: Hot Stocks: Australia shares rise to 21-month high, U-turn on China PMI

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Australia shares rise to 21-month high, U-turn on China PMI Jan 24th 2013, 05:29 Tweet Share this Email Print Related Topics Basic Materials » Energy » Thu Jan 24, 2013 12:29am EST MELBOURNE, Jan 24 (Reuters) - Australian shares rose 0.5 percent on Thursday, a fresh 21-month high after reversing morning losses as a measure of growth in China's factory sector accelerated to a two-year high in January, boosting local miners.. The positive read from China, Australia's top export market, helped BHP Billiton recover earlier losses and end 0.3 percent higher. Top banks led gains, with Westpac Banking Corp up 1.3 percent at A$27.10. The benchmark S&P/ASX 200 index rose 22.4 points to 4,810.20, according to the latest data. It rose 0.2 percent on Wednesday. New Zealand's benchmark NZX 50 index inched up 0.1 percent to 4,189.9. (Reporting by Miranda Maxwell; Editing by Jacqueline Wong) 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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