ASX Slightly Higher as Investors Eye Scotland

Australian shares added 0.2 percent on Friday as Wall Street climbed, though continued weakness in iron ore hit resource stocks, and investors continued to scrutinise results trickling in from the Scottish independence referendum.

U.S. stocks rose overnight, a day after the U.S. Federal Reserve kept intact its pledge to keep interest rates low, providing a backstop for investors that helped lift both the Dow and S&P to record highs.

Banks underpinned the market as investors slipped back into the recently sold-off stocks, with National Australia Bank and Australia and New Zealand Banking Group both climbing 1.1 percent.

Reuters

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