Monday, September 9, 2013

Reuters: Hot Stocks: Australia shares close near 3-1/2 mth highs on Coalition win, China data

Reuters: Hot Stocks
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Australia shares close near 3-1/2 mth highs on Coalition win, China data
Sep 9th 2013, 06:14

Mon Sep 9, 2013 2:14am EDT

SYDNEY, Sept 9 (Reuters) - Australian shares rose 0.7 percent on Monday after a conservative coalition won a landslide victory in the federal election, while strong data released from Australia's top export market China also boosted investor sentiment.

The S&P/ASX 200 index finished 36.5 points higher at 5,181.5, hovering near 3-1/2 month highs hit last week. New Zealand's benchmark NZX 50 index rose 0.4 percent or 16.8 points to finish the session at 4,614. (Reporting by Thuy Ong; Editing by Shri Navaratnam)

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