Reuters: Hot Stocks: Australian shares retrace some losses, banks firm

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 retrace some losses, banks firm Mar 18th 2013, 23:20 Mon Mar 18, 2013 7:20pm EDT SYDNEY, March 19 (Reuters) - Australian shares rose 0.7 percent in early trade on Tuesday, partly recovering steep losses in the previous session caused by market concerns about a bailout plan for Cyprus. Finanancial stocks led gainers, with the top lender, the Commonwealth Bank of Australia rising 0.9 percent. The benchmark S&P/ASX 200 index was up 34.6 points to 5,050 by 2309 GMT. The benchmark dropped 2.1 percent on Monday, its largest one-day fall in 4 weeks. New Zealand's benchmark NZX 50 index was trading flat at 4,341.3. (Reporting by Thuy Ong; Editing by Richard Pullin)

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