Reuters: Hot Stocks: Australia shares hit 4-1/2-year highs

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 hit 4-1/2-year highs Feb 14th 2013, 01:46 SYDNEY | Wed Feb 13, 2013 8:46pm EST SYDNEY Feb 14 (Reuters) - Australian shares hit their highest since September 2008 on Thursday as a strong earnings season and receding fears about European and U.S. debt woes bolstered investor sentiment. At 0141 GMT, the index was up 0.5 percent at 5,026.4. The index has been on a strong run for several months, climbing 8 percent since the start of the year and 16 percent since mid-November, buoyed by a global shift in asset allocation towards equities.

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