Australian shares rise as financials and resources jump; NZ down [Reuters (UK)]
ALUMINA LTD S/ADR (AWCMY)
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Source: Reuters
Australian shares rise as financials and resources jump; NZ down | Reuters 3 Min Read * Rising aluminium prices helps South32 and Alumina gain * BHP hits over 4-year high * Financials set to snap 3 sessions of losses By Nikhil Nainan Oct 4 (Reuters) - Australian shares gained over half a percent on Thursday, with financials surging ahead following days of losses, while investors flocked to material stocks as metal prices firmed. The S&P;/ASX 200 index rose 0.6 points to 6,184.3 by 0200 GMT. The benchmark added 0.3 percent on Wednesday. Materials stocks jumped 1.1 percent, following a similar rise in the previous session when the sub-index closed 1.4 percent higher. Aluminium prices climbed to their highest in more than three months on Wednesday after Norsk Hydro said it would halt output at its Alunorte alumina refinery in Brazil, stoking concerns about shortages of the raw material. South32 and BHP were the biggest boosts to the benchmark, with South32’s local coal assets getting int
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