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2013.04.2302:13:07UTC+00Australian stocks heat up ahead of China data

Australian stocks pushed forward in early Tuesday action, with banks broadly higher after U.S. share gains overnight and with corporate news increasing select blue chips. The benchmark S&P/ASX 200 bolster 0.9% to 5,011.40 ahead of Chinese manufacturing data due later in the day. Among financials, Australia & New Zealand Banking Group gained 1.3%, Macquarie Group Ltd. boosted 1.4% and Westpac Banking Corp. jumped 1.2%. Shares of Virgin Australia Holdings Ltd. surged 3.5% after Australian regulators approved the firm's purchase of a majority stake in low-cost carrier Tiger Airways Australia. Energy major Woodside Petroleum Ltd. advanced 6.9% after announcing a special dividend.

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