Reuters: Hot Stocks: Australia shares end 0.4 pct higher after RBA maintains easing bias

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Australia shares end 0.4 pct higher after RBA maintains easing bias Apr 2nd 2013, 05:20 Tweet Share this Email Print Tue Apr 2, 2013 1:20am EDT (Updates to close) SYDNEY, April 2 (Reuters) - Australian shares ended 0.4 percent higher on Tuesday, driven by banks and defensive stocks as investors looked for bargains after recent dips, but miners remained pressured by worries about demand from China. The market pushed slightly higher after the Reserve Bank of Australia (RBA) kept its main cash rate at a record low of 3.0 percent, but left open the possibility of further easing if the economy failed to respond to past cuts. The S&P/ASX 200 index added 19.0 points to close at 4,985.5, according to the latest data. The benchmark dropped 0.6 percent in the last trading day ahead of the Easter holidays. New Zealand's benchmark NZX 50 index dropped 0.3 percent to 4,411.4. (Reporting By Maggie Lu Yueyang; Editing by Sanjeev Miglani) 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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