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APR 28, 2013 - MarketWatch

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Australian stocks head higher as financials gain

LOS ANGELES (MarketWatch) -- Australian stocks rose Monday, with financial issues leading advances for the benchmark. The S&P/ASX 200 gained 0.5% to 5,119.10 as shares of Commonwealth Bank of Australia picked up 0.9%. Australia & New Zealand Banking Ltd. rose 0.6% and Westpac Banking Corp. jumped 1.1%. Financial results from ANZ are due Tuesday, and Westpac is slated to report Friday. Mining shares were mostly lower, with Rio Tinto Ltd. down 0.8% and Kingsgate Consolidated Ltd. tumbling 9.3% as the company said it expects gold output in the fiscal year through June at the bottom of ... Read More

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