Reuters: Hot Stocks: Australia shares up 0.4 pct, BHP slide offset by financials

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

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Australia shares up 0.4 pct, BHP slide offset by financials Aug 21st 2013, 06:23 Wed Aug 21, 2013 2:23am EDT SYDNEY Aug 21 (Reuters) - Australian shares closed 0.4 percent higher on Wednesday as a rebound in the banking sector offset a mixed bag of earnings that kept buyers in check, with top miner BHP Billiton Ltd sliding after its profits undershot forecasts. Investors were also awaiting the release of the U.S. Federal Reserve's minutes of its July meeting as they look for clues on when Fed plans to trim its massive stimulus. The S&P/ASX 200 index added 21.8 points to 5,100.0. The benchmark fell 0.7 percent on Tuesday. New Zealand's benchmark NZX 50 index climbed almost 1.0 percent to 4,551.5. New Zealand market leader Fletcher Building Ltd jumped 6.2 percent to a nearly four-month high, after reporting a 76 percent rise in annual profit on a recovery in its home market.

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