November 20, 2008 / 11:12 PM / 11 years ago

Fortescue shares rocket after boosting China sales

SYDNEY, Nov 21 (Reuters) - Shares in Australian iron ore miner Fortescue Metals Group Ltd (FMG.AX) jumped as much as 22.5 percent on Friday after it increased sales to China. [ID:nSYD385894].

By 2304, Fortescue shares were up 15.5 percent at A$1.47 compared with a near 3 percent fall in the benchmark S&P/ASX 200 index . ($1=A$1.64) (Reporting by Denny Thomas; Editing by Mark Bendeich) ((denny.thomas@reuters.com; +61 2 9373 1812; Reuters Messaging: denny.thomas.reuters.com@reuters.net))

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