Reuters: Hot Stocks: Australia shares rise to new 5-yr high, BHP cheered by strong production

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Australia shares rise to new 5-yr high, BHP cheered by strong production Oct 22nd 2013, 05:23 Tue Oct 22, 2013 1:23am EDT SYDNEY Oct 22 (Reuters) - Australian shares rose 0.4 percent on Tuesday to a new five-year closing high, led by BHP Billiton on solid production results, while a rush of U.S. data in coming days kept investors focused on the implications for the Federal Reserve's stimulus programme. BHP Billiton climbed 2.4 percent after it posted a 23 percent rise in quarterly iron ore output and raised its production forecast for the 2014 financial year. The S&P/ASX 200 index added 21.3 points to 5,373.1, the highest close since June 2008. The benchmark advanced 0.6 percent on Monday, and has advanced for six straight sessions. New Zealand's benchmark NZX 50 index rose 0.6 percent to 4,831.8.

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