Australia shares edge higher on week, Qantas touches 7-month high
(Updates to close)
SYDNEY May 23 (Reuters) - Australian shares rose 0.2 percent to a one-week high on Friday, supported by gains on Wall Street and in major banks, though weakness in energy stocks capped broader moves higher.
Qantas Airways Ltd climbed 4.7 percent to 7-month highs of A$1.33. Earlier in May, the embattled carrier said it expected to shed 2,200 jobs by the end of June.
The S&P/ASX 200 index added 12.9 points to close at 5,492.8, and was up 0.3 percent for the week, its third consecutive week of gains.
The benchmark gained 1 percent on Thursday, its biggest one-day percentage rise since Feb 12.
New Zealand's benchmark NZX 50 index added 0.4 percent to 5,151.4.
(Reporting by Thuy Ong; Editing by Kim Coghill)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Canada PM vows crackdown after capital shocked by fatal attacks |
- Man arrested after jumping White House fence, causing lockdown
- Probe: Athletes took fake classes at University of North Carolina
- A Minute With: Shailene Woodley on teen sex, violence and Marvel