Anglo helps S.African shares higher, Mondi falls

(Reuters) - South African shares rose on Tuesday as index heavyweight Anglo American gained with big funds switching to the stock from its seperately listed paper unit Mondi -- the biggest faller on the day.

Woolworths starred with retailers, banks and industrial shares, attracting bargin hunters after falling heavily last week on the back of interest rates jitters as inflation figures crept higher, traders said.


Read more at Reuters Africa

Australian Stocks Fall, Led by Woolworths on Rates Concerns; Toll Declines

(Bloomberg) -- Australian stocks fell, led by
Woolworths Ltd. and Telstra Corp. after a report showed the
economy grew faster-than-expected in the first quarter, stoking
concern interest rates may rise and sending bond yields higher.

The risk of an interest rate increase this year ``must now be
regarded as high,'' said Shane Oliver, who helps oversee $83
billion at AMP Capital Investors in Sydney. ``Higher bond yields
are a risk for shares.''


Read more at Bloomberg Stocks News