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Australia: Shares end up on strong showing by iron ore miners

Wednesday, April 20, 2016 - 15:02

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[SYDNEY] Australian shares closed higher on Wednesday on the back of stronger iron ore prices.

The S&P/ASX 200 index gained 0.5 per cent, or 27.187 points, to close at 5216.000, just off a 3-1/2-month high reached earlier in the session, helped by hefty gains in major iron ore producers BHP Billiton and Rio Tinto.

New Zealand's benchmark S&P/NZX 50 index ended 0.411 per cent or 28.220 points up at 6901.260.

REUTERS

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