Australia's S&P/ASX Rises to a Record High, Led by BHP, Santos; ING Jumps

(Bloomberg) -- Australian stocks rose, pushing the
S&P/ASX 200 Index to a record. BHP Billiton Ltd. and Santos Ltd.
led gains as metals prices rose the most in almost six weeks and
oil traded at its highest in more than 11 months.

``Metals are responding to China's growth and speculation in
the sector about takeovers, so that's a plus for resources
stocks,'' said Hans Kunnen, who helps manage $107 billion at
Colonial First State Global Asset Management in Sydney. ``The
stars are aligned for another record close.''


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