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WorldPosted at: Jul 19 2017 12:10PM


Australia shares rebound as bank stocks surge, New Zealand up too

Undated, Jul 19 (Reuters) Australian shares advanced on Wednesday, unfazed by a slip in BHP Billiton, as the "Big Four" banks surged after declaring comfort with new capital rules designed to make them "unquestionably strong".
The S&P/ASX 200 index ended up 44.71 points, or 0.8 percent to 5,732.1. On Tuesday, the benchmark dropped 1.1 percent.
The financial sector accounted for nearly three-quarters of the gains on the bourse. The sub-index of financial stocks ended 2.6 percent higher.
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Tags: #Australia shares rebound as bank stocks surge# New Zealand up too
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