Reuters: Hot Stocks: Australian shares rally to highest close in 5 weeks, NZ50 hits all-time closing high

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 rally to highest close in 5 weeks, NZ50 hits all-time closing high Apr 24th 2013, 06:27 Wed Apr 24, 2013 2:27am EDT SYDNEY, April 24 (Reuters) - Australian shares rose 1.7 percent on Wednesday to close at their highest level in five weeks as financials soared after benign inflation data strengthened the case for more monetary policy easing and Wall Street rallied overnight. Financials were led higher by Westpac Banking Corp, which climbed 2.5 percent to A$32.50, and top lender the Commonwealth Bank of Australia, which advanced 2.4 percent to A$71.70. Both stocks were at all-time highs. The S&P/ASX 200 index soared 86.2 points to finish at 5,102.4, according to the latest data, its highest close since March 15. The benchmark rose 1 percent on Tuesday. New Zealand's benchmark NZX 50 index finished the session 0.5 percent or 22.5 points higher at an all-time closing high of 4,539. (Reporting by Thuy Ong; Editing by Kim Coghill)

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