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Australia shares close up 0.8 pct on firmer metals prices, China stimulus hopes
March 26, 2014 / 5:25 AM / 3 years ago

Australia shares close up 0.8 pct on firmer metals prices, China stimulus hopes

SYDNEY, March 26 (Reuters) - Australian stocks rose 0.8
percent on Wednesday, driven by miners and big banks on upbeat
U.S. data, firmer copper and iron ore prices and as investors
bet the possibility of China moving to stimulate a slowing
economy.
    The S&P/ASX 200 index added 40.2 points to 5,376.8.
The benchmark closed 0.2 percent lower at 5,336.6 on Tuesday.
    New Zealand's benchmark NZX 50 index pared earlier
gains and slipped 0.1 percent to close at 5,124.9.

 (Reporting by Maggie Lu Yueyang; Editing by Eric Meijer & Shri
Navaratnam)

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