Reuters: Hot Stocks: Australian shares open flat on profit-taking, miners jump

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 open flat on profit-taking, miners jump Apr 10th 2013, 00:24 Tue Apr 9, 2013 8:24pm EDT SYDNEY, April 10 (Reuters) - Australian shares opened flat on Wednesday after a retreat in financials offset a rally in miners driven by higher iron ore prices, as tensions on the Korean peninsula motivated some investors to lock in profits. The benchmark S&P/ASX 200 index had lost 0.4 points to 4,976.4 at 0014 GMT, paring earlier gains among miners. The index jumped 1.5 percent on Tuesday, its largest single-day rise in three weeks. New Zealand's benchmark NZX 50 index rose 0.4 percent or 15.4 points to 4,410.6. (Reporting by Michael Sin and Maggie Lu Yueyang; Editing by Stephen Coates)

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