Australian shares rise as blue chips follow Wall St lead
(Updates to open)
SYDNEY, March 27 (Reuters) - Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource prices and after the Dow Jones Industrial Average posted a record high.
Global iron ore miners BHP Billiton Ltd and Rio Tinto Ltd both climbed 1 percent.
Banks all gained, lead by Westpac Banking Corp which added 0.6 percent.
The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.
New Zealand's benchmark NZX 50 index rose 0.6 percent or 27.9 points to 4,373.9. (Reporting by Thuy Ong; Editing by Stephen Coates)
- Tweet this
- Share this
- Digg this
- Jodie Foster marries girlfriend Alexandra Hedison
- Ukraine forces kill up to five rebels, Russia starts drill near border |
- Australia rules out link between debris and Malaysian plane
- GE in talks to buy France's Alstom - Bloomberg
- Boy and girl on Korean ferry drowned with life jackets tied together |