(Bloomberg) -- Australian stocks rose for a second
day. BHP Billiton Ltd., Rio Tinto Group and Santos Ltd. led
resources stocks higher after prices of commodities including
copper and crude oil increased.
``Globally, economic growth looks strong enough to sustain
high levels of demand for commodities so you can expect strength
to continue in related stocks for as long as that view holds,''
said Hans Kunnen, who helps manage $107 billion at Colonial First
State Global Asset Management in Sydney.
Read more at Bloomberg Stocks News
day. BHP Billiton Ltd., Rio Tinto Group and Santos Ltd. led
resources stocks higher after prices of commodities including
copper and crude oil increased.
``Globally, economic growth looks strong enough to sustain
high levels of demand for commodities so you can expect strength
to continue in related stocks for as long as that view holds,''
said Hans Kunnen, who helps manage $107 billion at Colonial First
State Global Asset Management in Sydney.
Read more at Bloomberg Stocks News
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