(Updating to close)
SYDNEY, Aug 8 (Reuters) - Australian shares closed up 0.1 percent on Friday, on broad buying with Westpac Banking Corp Ltd (ASX: WBC.ax) advancing after assuring investors it would not suffer major loan losses.
The benchmark S&P/ASX 200 index .AXJO rose 2.9 points to 4,986.2, based on the latest available data, off a low of 4,911.0. For the week, the index gained 1.7 percent.
($1=A$1.10) (Reporting by Bruce Hextall, Editing by Mark Bendeich)
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