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Australia shares rise 0.5 percent; Westpac up
Wednesday November 4, 12:19 PM
(Updates to opening)
WELLINGTON, Nov 4 (Reuters) - Australian shares rose 0.5 percent in early trade on Wednesday, as miners rose on firmer metal prices and banks gained after Westpac Banking Corp (ASX: WBC.ax) said it saw bad debts peaking.
Westpac shares jumped 2.4 percent after Australia's third largest lender reported a fall in second half profit but provided the banking industry's most positive outlook. [ID:nSYD253066]
The benchmark S&P/ASX 200 index .AXJO rose 18.9 points to 4,552.7 at 2312 GMT.
New Zealand's benchmark NZX 50 index .NZ50 fell 0.2 percent to 3,151.1.
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