Australia: Shares recover, NZ stocks jump to 2-month highs

[SYDNEY] Australian shares bounced on Thursday following three sessions of declines, though gains were capped by expectations some major banks may seek to raise their capital further.

The S&P/ASX 200 index rose 0.6 per cent to 5,230 at the close of trade, pulling away from a one-week trough of 5,164.2 plumbed on Wednesday.

New Zealand's benchmark NZX 50 index rallied 0.8 per cent or 48.58 points to finish the session at 5,775.7, its highest in two months.

REUTERS