SYDNEY/WELLINGTON, Aug 28 (Reuters) – Australian shares
trimmed early gains on Friday after weak data from China kept
alive worries about slowing momentum in its economy, though a
rally on Wall Street and a rebound in commodities helped drive
energy and materials sectors higher.
The S&P/ASX 200 index rose 0.7 percent, or 33.77
points, to 5,266.5 by 0233 GMT, but pulled back from a 1.4
percent jump in morning trade.
SYDNEY/WELLINGTON, Aug 19 (Reuters) – Australian shares rose
1.3 percent on Wednesday, led by banks and resources, as
investors looked for bargains after selling pushing the
benchmark index to seven-month lows last week.
The S&P/ASX 200 index rose 67.9 points to 5,371 by
The index fell 1.2 percent in the previous session on
worries about China’s slowing economy.
SYDNEY/WELLINGTON, Aug 13 (Reuters) – Australian shares
recovered from two days of losses to rise 0.6 percent on
Thursday after China’s central bank said there was no basis for
further depreciation in the yuan, sending banks and gold stocks
The People’s Bank of China (PBOC) said that the country’s
strong economic environment, sustained trade surplus, sound
fiscal position and deep foreign exchange reserves provide
“strong support” to the exchange rate.
SYDNEY/WELLINGTON, Aug 11 (Reuters) – Australian shares gave
up early gains to fall 0.5 percent on Tuesday as investors
booked profits in most sectors after China devalued its currency
following weaker-than-expected economic data.
The S&P/ASX 200 index fell 28.36 points to 5,480.8
by 0349 GMT. The benchmark, trading near one-month lows, gained
0.6 percent on Monday.
SYDNEY/WELLINGTON, Aug 7 (Reuters) – Australian shares fell
1.7 percent on Friday, led by financials as investors sold bank
stocks on concerns of tough new capital rules.
Australia and New Zealand Bank Ltd Bank fell as
much as 8.5 percent after it said it was raising A$3 billion
($2.2 billion) in a share sale to meet tougher capital ratio
SYDNEY/WELLINGTON, July 30 (Reuters) – Australian shares
were on track for a second session of gains on Thursday led by
banks and miners, as investor appetites improved in the U.S. and
The S&P/ASX 200 index rose 32.6 points, or 0.58
percent to 5,656.9 at 0235 GMT. On Wednesday, the benchmark
gained 39.5 points to close at 5,624.2.
SYDNEY/WELLINGTON, July 27 (Reuters) – Australian shares
slipped at the start of Monday and then pared losses as some
investors saw bargains in the beaten-down metals sector but
banks and consumer staples weigh on the sentiment.
The S&P/ASX 200 index was down 11 points, or 0.2
percent, to 5,555.1 at 0216 GMT.
SYDNEY/WELLINGTON, July 21 (Reuters) – Australian shares
rose for a sixth straight session on Tuesday to a six-week high,
led by gains in banks and consumer staples, but plunging
resources stocks capped a sharp rally.
The S&P/ASX 200 index rose 0.17 percent, or 9.7
points, to 5,696.6 by 0249 GMT, a level not seen since June 2.
All sectors rose except resources. The benchmark rose 0.3
percent on Monday.
SYDNEY/WELLINGTON, July 17 (Reuters) – Australian shares ran
out of steam on Friday after a three-day rally as investors sold
off banks and resources stocks, ignoring positive leads from
Investors shrugged off gains in other Asian markets that
were aided by a stronger finish on Wall Street after Europe
moved to reopen funding to Greece’s stricken economy.
SYDNEY/WELLINGTON, July 15 (Reuters) – Australian shares
rose on Wednesday, led by banks, as China reported
better-than-expected growth and uncertainty about Greece
The S&P/ASX 200 index rose 0.9 percent, or 48.3
points to 5,625.7 by 0247 GMT. The benchmark index rose 1.9
percent he previous session.