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MARKETS-AUSTRALIA-STOCKS/
RTX1NPC9
August 10, 2015
Pedestrians are reflected in a Commonwealth Bank logo sign outside a branch located in Sydney, Australia,...
Sydney, Australia
Pedestrians are reflected in a Commonwealth Bank logo sign outside a branch located in Sydney, Australia...
Pedestrians are reflected in a Commonwealth Bank logo sign outside a branch located in Sydney, Australia, August 10, 2015. Australian shares recovered from early losses to stand higher by mid-session on Monday as investors flooded back into banks following a sell-off and some company profit announcements beat expectations. Banks have faced heavy selling for months because of concerns they will be required to raised capital under tough new rules, and on Friday Australia and New Zealand Banking Group sent jitters through the sector by saying it raised A$2.5 billion. On Monday shares in top lender Commonwealth Bank of Australia fell following media reports that it would make a similar announcement, but the bank issued a statement saying it had made no decision on raising capital and the sector recovered to positive territory. REUTERS/David Gray
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