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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (11607)	2/2/2000 5:53:00 AM
From: Justa Werkenstiff	Read Replies (4) \| Respond to of 15132

Stock Market Update Wed, 02 Feb 2000, 9:34pm EST Australian Stocks Rise, Led by News Corp.; N.Z. Stocks Fall By Brett Cole Sydney, Feb. 2 (Bloomberg) -- Australian stocks rose, led by News Corp., as investors bet the world's fourth largest media company's strategy and assets will push its shares higher. Investors shrugged off a higher-than-expected interest rate rise by the central bank, with some betting a bigger boost now lowers the chances of more big increases any time soon. An interest rate increase ''has been built in,'' said Martin Littler, who helps manage A$8 billion ($5 billion) in Australian equities at Commonwealth Investment Management in Sydney. He has confidence in News Corp.'s management and is ''a believer in their content argument and their distribution argument.'' The All Ordinaries Index rose 31.50, or 1 percent, to 3116.00. Within the index, 109 stocks fell and 104 rose. New Zealand stocks fell before companies are due to release profit reports in the coming month. The Top 40 Index fell 6.52, or 0.3 percent, to 2035.39. Within the index, 22 stocks fell and 11 rose.