Australia shares close up after Westpac reassurance
Published: 03 Nov 2009 21:37:08 PSTWELLINGTON/MELBOURNE, Nov 4 - Australian shares ended up 0.2 percent on Wednesday, shored up by miners and three of the four big banks, after Westpac Banking Corp <WBC.AX> said the bad debt cycle had peaked.
The benchmark S&P/ASX 200 index <.AXJO> picked up 8.6 points to close at 4,540.1, according to the latest data, reversing Tuesday's small loss.
New Zealand's benchmark NZX 50 index <.NZ50> also rose 0.2 percent to close at 3,166.7.
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