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Australia: Shares rise again on iron ore prices, China optimism

Sony said Thursday its April-June net profit more than tripled to US$664 million and kept its full-year forecast unchanged, as the company emerges from a painful corporate restructuring that included layoffs and asset sales.

[SYDNEY] Australian shares had a second straight day of solid gains on Thursday, as rising iron ore prices and stabilising Chinese equity markets lifted investor confidence.

The S&P/ASX 200 index climbed 0.81 per cent or 45.343 points to 5,669.500 at the close of trade. On Wednesday, the benchmark gained 0.7 per cent to close at 5,624.2.

New Zealand's benchmark NZX 50 index gained 0.36 per cent or 21.08 points to finish the session at 5,891.850.