Reuters: Hot Stocks: Australia shares rise to fresh 19-month high

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia shares rise to fresh 19-month high Jan 2nd 2013, 23:18 MELBOURNE | Wed Jan 2, 2013 6:18pm EST MELBOURNE Jan 3 (Reuters) - Australian shares rose 0.4 percent to a fresh 19-month high early on Thursday, boosted by miners and banks after copper, gold, oil and U.S. stocks all spiked higher on relief the U.S. avoided triggering the "fiscal cliff" that could have pushed it into recession. The underlying S&P/ASX 200 index was up 19 points at 4,724.9 by 2314 GMT. It rose 1.2 percent on Wednesday, its biggest one-day percentage gain in five months. New Zealand's benchmark NZX 50 index rose 0.5 percent to 4,088.7 as trade resumed after holidays. U.S. stocks kicked off the new year with their best day in over a year while copper rose to its highest in more than two months. (Reporting by Miranda Maxwell; Editing by Eric Meijer)

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