Reuters: Hot Stocks: Australia shares rally to 5-yr high on Fed jolt, NZ climbs to record

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Australia shares rally to 5-yr high on Fed jolt, NZ climbs to record Sep 19th 2013, 06:23 Thu Sep 19, 2013 2:23am EDT SYDNEY, Sept 19 (Reuters) - Australian shares surged 1.1 percent to fresh 5-year highs on Thursday, joining a global rally in stocks, commodities and risk-sensitive currencies after the U.S. Federal Reserve wrong footed markets by deciding against trimming its stimulus programme. Financial and mining sectors led the broad-based rally as investors, buoyed by the prospect of super easy money staying for a longer period, piled into riskier assets. The S&P/ASX 200 index rose 57.4 points to 5,295.5, its highest close since June 26, 2008. New Zealand's benchmark NZX 50 index rose 1 percent to finish at an all-time high of 4,753.0. (Reporting by Thuy Ong; Editing by Shri Navaratnam)

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