UNDATED, Oct 18:
Australian shares rose 0.9 percent on Thursday, in a third day of gains, after China’s third-quarter economic growth matched market expectations.
Firmer copper prices lifted mining stocks while strong production data boosted energy shares.
The benchmark S&P/ASX 200 index climbed 38.8 points to 4,567.0, according to the latest data, reaching a new high since late July 2011. Since late last year the market had been confined to a tight range between around 4,000 and 4,450.
New Zealand’s benchmark NZX 50 index rose 0.9 percent to 4,001.9, the highest since early January 2008.
(AGENCIES)
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