Australian stocks gain amid stimulus hopes
6/19/12 8:19 PM ET (MarketWatch)Print
SYDNEY (MarketWatch) -- Australian stocks gained on Wednesday, lifted by the optimism over the chances for more stimulus from the Federal Reserve that sent stocks to a five-week closing high in the U.S. on Tuesday. The S&P/ASX 200 index advanced 0.8% to 4156.20, with week-to-date gains at 2.4%. The volatile material and energy sectors were in the lead again, with Rio Tinto Ltd. shares up 2.1% and Oil Search Ltd. up 2.3%.
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