(Updates to close)
SYDNEY Aug 14 Australian shares rose 0.6
percent on Thursday, underpinned by a firmer finish on Wall
Street, better-than-expected earnings for Australia's largest
telecommunications provider Telstra, and a return to profit for
media group Fairfax.
Telstra Corporation Ltd jumped 2.2 percent to
A$5.56, its highest since March 2002, while media company
Fairfax Ltd bounced 6.2 percent to A$0.94, a three week
The S&P/ASX 200 index closed up 33.8 points at
5,548.5. The benchmark dipped 0.3 percent on Wednesday.
New Zealand's benchmark NZX 50 index added 0.1
percent or 7.7 points to finish the session at 5,062.4.
(Reporting by Thuy Ong; Editing by Shri Navaratnam)