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Australia shares up 0.3pc; Fortescue gains

australia-stock-exchange copyMELBOURNE: Australian shares rose 0.3 percent on Thursday, following a two-day break from trade, with volumes light as final efforts to avert or at least postpone a US "fiscal cliff" get underway.


The benchmark S&P/ASX 200 index rose 13 points to 4,648.0, after rising 0.3 percent in a short session on Monday.


New Zealand's benchmark NZX 50 index rose 0.2 percent to 4,065.5.


Fortescue Metals Group rose 4.1 percent after announcing it will develop its Kings deposit to complete an iron ore expansion to 155 million tonnes a year, which had been put on hold in September amid a cash crunch.

Center>Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 17,792.68 0.17
Arrow Nasdaq 5,102.48 0.05
Arrow S&P 2,086.59 0.12
Arrow FTSE 6,305.49 0.46
Arrow DAX 11,092.31 0.25
Arrow CAC-40 4,889.12 0.44
Arrow Nikkei 19,879.81 0.10
Arrow H.Seng 22,665.90 0.90
Arrow Sensex 25,819.34 0.19

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
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WeeklyNovember 23, 2015
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