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Australia shares close near 6-wk highs, biggest weekly gain since Dec 2011
February 14, 2014 / 5:21 AM / in 4 years

Australia shares close near 6-wk highs, biggest weekly gain since Dec 2011

(Updates to close)

SYDNEY, Feb 14 (Reuters) - Australian shares climbed 0.9 percent to near six-week highs on Friday, spurred by solid earnings from index-heavyweight Rio Tinto and a fifth rise in six sessions for Wall Street stocks.

The S&P/ASX 200 index added 48.2 points to 5,356.3. The benchmark posted a 3.7 percent rise for the week, snapping five consecutive weeks of losses and marking its biggest weekly rise since December 2011.

New Zealand’s benchmark NZX 50 index rose 0.3 percent to 4,888.4. (Reporting by Thuy Ong; Editing by Eric Meijer)

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