Reuters: Hot Stocks: Australia shares ease 0.4 pct; 1.4 pct higher for the week

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 ease 0.4 pct; 1.4 pct higher for the week Mar 1st 2013, 05:30 Tweet Share this Email Print Related Topics Basic Materials » Cyclical Consumer Goods » Energy » Industrials » Fri Mar 1, 2013 12:30am EST (Updates to close) SYDNEY, Mar 1 (Reuters) - Australian shares closed 0.4 percent lower on Friday, dragged by a sell-off in cyclical stocks, as investors took profits from a recent rally. The market still ended the week 1.4 percent higher and has gained 9.4 percent this year as concerns over the United States and the euro zone ease. A strong earnings season has also supported sentiment. The benchmark S&P/ASX 200 index lost 18.0 points to 5,086.1, according to the latest data. It jumped 1.3 percent on Thursday to its highest close since September 2008. New Zealand's benchmark NZX 50 index edged 2.0 points lower to 4,318.0. (Reporting by Maggie Lu Yueyang; Editing by Sanjeev Miglani) 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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