Reuters: Hot Stocks: Australian shares rise; financial stocks lead as miners ease

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

Australian shares rise; financial stocks lead as miners ease Mar 14th 2013, 23:19 Thu Mar 14, 2013 7:19pm EDT SYDNEY, March 15 (Reuters) - Australian shares rose 0.5 percent in early trade on Friday, led by financial stocks after the U.S. Dow Jones index extended its run of record highs, but gains were capped as weak metal prices hit mining stocks. Top lender Commonwealth Bank of Australia rallied 1.1 percent to lead big bank stocks higher. Global iron ore miner BHP Billiton Ltd slipped 0.2 percent and rival Rio Tinto Ltd lost 1.2 percent. The benchmark S&P/ASX 200 index rose 26.3 points to 5,058.4 by 2310 GMT. The benchmark fell 1.2 percent on Thursday, its biggest loss in eight days. New Zealand's benchmark NZX 50 index rose 0.3 percent, or 11.9 points, to 4,393.3, reaching a fresh all-time high. (Reporting by Thuy Ong; Editing by Richard Pullin)

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