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Thursday, November 05, 2009
Australian Shares Push Higher Out Of Open
By Michael Kitchen
MarketWatch Pulse
LOS ANGELES -- Australian stocks gained in early Friday trades on the heels of a rally on Wall Street, with Sydney's benchamrk S&P/ASX 200 rising 1.5% to 4,573.4. Financials helped fuel the broader advance, with shares of Macquarie Group Ltd. up 2.4%, Westpac Banking Corp. rising 1% and National Australia Bank Ltd. adding 1.3%. Miners were also among the leading gainers, with BHP Billiton up 1.5% and Rio Tinto Ltd. 1.8% higher.
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