Australian Stocks Rise to Record, Led by BHP Billiton on Metals

Monday, Jun 04, 2007
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Australian stocks rose to a record high. BHP Billiton Ltd. led mining shares higher after prices of metals including copper and nickel gained.

Westfield Group led gains among companies with U.S. earnings after reports showed employment and manufacturing growth in the world's biggest economy expanded more than expected.

The S&P/ASX 200 Index climbed 59.40, or 0.9 percent, to 6392.90 at the close in Sydney. About 15 stocks rose for every four that fell. The benchmark closed at a record after reaching as high as 6409.20.

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