Australia shares rise to 21-month high, U-turn on China PMI

MELBOURNE, Jan 24 (Reuters) - Australian shares rose 0.5
percent on Thursday, a fresh 21-month high after reversing
morning losses as a measure of growth in China's factory sector
accelerated to a two-year high in January, boosting local
miners..
The positive read from China, Australia's top export market,
helped BHP Billiton recover earlier losses and end 0.3
percent higher.
Top banks led gains, with Westpac Banking Corp up
1.3 percent at A$27.10.
The benchmark S&P/ASX 200 index ros

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