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Australia shares rise 0.7 pct, led by miners and banks
December 6, 2012 / 11:26 PM / 5 years ago

Australia shares rise 0.7 pct, led by miners and banks

(Updates to open)
    Dec 7 (Reuters) - Australian shares rose 0.7 percent in
early trade on Friday, tracking modest gains in global equities,
with top miners supported by rebounding iron ore prices and
banks recovering from losses in the previous session.
    BHP Billiton Ltd climbed 0.9 percent and rival Rio
Tinto Ltd added 0.6 percent. The nation's biggest
lender, Commonwealth Bank of Australia, rose 0.7
percent.
    The benchmark S&P/ASX 200 index gained 30.8 points
to 4,540.2 by 2317 GMT. The benchmark slipped 0.3 percent on
Thursday.
    New Zealand's benchmark NZX 50 index edged up 0.1
percent to 4,027.4 in early trade.
    

 (Reporting By Maggie Lu Yueyang; Editing by Richard Pullin)

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