Thursday, November 02, 2006

Australian Market on fire at this hour!

Asian shares were mixed in early trading Friday, as Australia's benchmark stock index rose to a record high after the nation's biggest lender, National Australia Bank, reported earnings, while South Korea's leading index fell back, pacing weakness on Wall Street.

Markets in Japan were closed for a public holiday.
Australia's S&P/ASX 200 was up 0.1% to 5,413.10, after touching an intraday record of 5,426.70 earlier in the session.
Elsewhere around the region, South Korea's Kospi rose 0.1%, Taiwan's Weighted Price Index was up 0.7% and Malaysia's KLSE Composite Index was up 0.1%. Singapore's Straits Times Index fell 0.5%.

Shares of National Australia Bank rose 2.3%.
The resource sector lost ground, pacing declines in crude oil and natural resource prices. Miner BHP Billiton fell 0.8% while Woodside Petroleum fell 0.7%. End of Story

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