Australia shares reverse early losses to end up 0.2 pct on recovery by banks
(Updates to close)
SYDNEY May 20 (Reuters) - Australian shares added 0.2 percent on Tuesday as banks reversed earlier losses to finish higher and a weaker Aussie dollar helped lift some companies with large offshore earnings, though sliding iron ore prices weighed on miners.
The S&P/ASX 200 index ended 11.4 points higher at 5,420.4. The benchmark fell 1.3 percent on Monday, its biggest one-day percentage drop since mid-April.
Genworth Mortgage Insurance Australia Ltd jumped 13.2 percent in an upbeat first day of trade for the country's biggest initial public offering of the year so far.
New Zealand's benchmark NZX 50 index lost 0.6 percent to close at 5,134.9. (Reporting by Thuy Ong; Editing by Prateek Chatterjee)
- Ukraine says Russian tanks flatten town; EU to threaten more sanctions |
- EU wields Russia sanctions threat but timing vague |
- F-16s dispatched for unresponsive pilot of small plane near D.C.
- Polish president warns Germany of Putin's 'empire' ambitions
- Car tied to suspected threat against Obama found in Connecticut