Australia shares climb on U.S. Stimulus hopes

CANBERRA, June 20: Australian shares rose 0.8 percent in early trade on Wednesday, following gains on Wall Street on hopes the US Federal Reserve will extend stimulus measures as the world’s biggest economy struggles to recover and the euro zone debt crisis worsens.

The benchmark S&P/ASX 200 index had gained 31.9 points to 4,155.2 as of 0553 hrs IST.

New Zealand’s benchmark NZX 50 index fell 22.5 points to 3,457.9, led down by a 5.7 percent drop in Fisher & Paykel Healthcare as it traded without rights to its dividend. (AGENCIES)


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