Australia shares edge higher on hopes for 11th hour deal in U.S.
(Updates to close)
SYDNEY Oct 16 (Reuters) - Australian shares rose a modest 0.1 percent on Wednesday as hopes grew of an 11th hour deal to reopen the U.S. government and avoid a debt default.
With the United States just a day away from exhausting its ability to borrow money, U.S. Senate leaders were still discussing a deal that aides said was close, but details remained to be worked out.
The S&P/ASX 200 index added 3.8 points to 5,262.9, extending Tuesday's 1.0 percent gain. New Zealand's benchmark NZX 50 index added 0.2 percent to finish at 4,758.8. (Reporting by Thuy Ong; Editing by Shri Navaratnam)
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