Reuters: Hot Stocks: Australia shares edge up on Fed comments; Ten surges

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Australia shares edge up on Fed comments; Ten surges Feb 24th 2013, 23:23 Tweet Share this Email Print Related Topics Cyclical Consumer Goods » Sun Feb 24, 2013 6:23pm EST (Updates to open) SYDNEY, Feb 25 (Reuters) - Australian shares edged up 0.4 percent early on Monday after reassuring comments from U.S. Federal Reserve officials that the central bank will maintain stimulus policy, while weaker metal prices hit mining stocks. The benchmark S&P/ASX 200 index gained 21.1 points to 5,039.2 by 2316 GMT. The index rose 0.8 percent on Friday, but still lost 0.3 percent over the week. Australia's troubled third-ranked television station, Ten Network Holdings, surged 8.5 percent after it sacked its chief executive late on Friday. New Zealand's benchmark NZX 50 index rose 0.5 percent to 4,236.5 in early trade. (Reporting by Maggie Lu Yueyang; Editing by Stephen Coates) 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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