Wednesday, June 27, 2007

Australian Stocks Snap a Five-Day Losing Streak; BHP, Woodside Advance

(Bloomberg) -- Australia's S&P/ASX 200 Index rose,
snapping a five-day losing streak. BHP Billiton Ltd. and Woodside
Petroleum Ltd. climbed after crude oil prices jumped.

The S&P/ASX 200 Index climbed 74.50, or 1.2 percent, to
6258.70 as of 10:12 a.m. in Sydney. Only five stocks fell among
the index's 200 companies. The benchmark recouped some of its
decline of as much as 3.3 percent since reaching a record high on
June 20.


Read more at Bloomberg Stocks News

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