Reuters: Hot Stocks: Australia shares open up on recovering miners

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Australia shares open up on recovering miners Apr 19th 2013, 00:21 Tweet Share this Email Print Thu Apr 18, 2013 8:21pm EDT (Updates to open) SYDNEY, April 19 (Reuters) - Australian shares rose 0.6 percent early on Friday as mining stocks gained on short-covering after a pause in the recent commodities selloff, but sentiment is set to remain cautious on concerns over global growth. Global miner BHP Billiton rebounded 1.7 percent while rival Rio Tinto Ltd climbed 1.8 percent. The S&P/ASX 200 index rose 30.2 points to 4,954.6 by 0011 GMT. The benchmark fell 1.6 percent on Thursday, its biggest one-day percentage loss in a month. New Zealand's benchmark NZX 50 index fell 0.3 percent to 4,429.2. (Reporting By Maggie Lu Yueyang; Editing by Richard Pullin) 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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