Reuters: Hot Stocks: Australia shares extend gains on Wall St rise, short-covering

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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

Australia shares extend gains on Wall St rise, short-covering Jun 28th 2013, 00:23 SYDNEY, June 28 | Thu Jun 27, 2013 8:23pm EDT SYDNEY, June 28 (Reuters) - Australian shares rose 0.4 percent early on Friday, extending gains after easing concerns about a quick wind-back in U.S. economic stimulus measures boosted Wall Street and as investors continued short-covering. Financials started the session stronger, with top lender the Commonwealth Bank of Australia adding 0.4 percent and Westpac Banking Corp climbing 1.0 percent. The S&P/ASX 200 index rose 17.7 points to 4,829.0 by 0012 GMT. The benchmark jumped 1.7 percent on Thursday, its biggest one-day jump in two weeks. The index is on track to end the week higher than it started, even though it is currently down 1.9 percent for the month. New Zealand's benchmark NZX 50 index rose 0.6 percent to 4,444.8..

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