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Australia shares bounce 1.9% as U.S. growth lifts
Friday October 30, 12:16 PM
(Updates with opening levels)
SYDNEY, Oct 30 (Reuters) - Australian stocks jumped 1.9 percent in early trade on Friday, snapping a four-day rout as U.S. economic growth bolstered prospects for company profits and fuelled a rally on Wall Street.
The benchmark S&P/ASX 200 index .AXJO rose 87.0 points to 4,661.7 at 2310 GMT, after sliding 6 percent so far this week.
New Zealand's benchmark NZX 50 index .NZ50 rose 1 percent to 3,227.7.
Shares in Macquarie Group Ltd MQG.AX, Australia's largest investment bank, jumped 3.7 percent after it reported a 21 percent drop in first-half net profit but grew its warchest of surplus capital by almost half to A$4.5 billion. [ID:nSYD521168] (Reporting by Victoria Thieberger; editing by Jonathan Standing)
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