(Updates to close)
SYDNEY, March 5 Australian shares gained 0.9
percent on Wednesday to close at their highest point since June
2008, spurred by upbeat fourth quarter GDP figures and signs a
military confrontation between Russia and Ukraine might be
The S&P/ASX 200 index climbed 46 points to finish
the session 5,446.2, its highest point in 5-1/2 years. The
benchmark added 0.3 percent on Tuesday.
Elsewhere, HSBC/Markit's China Services Purchasing Managers'
Index (PMI) ticked up to 51.0 in February from a 2-1/2 year low
the previous month of 50.7, confirming a pick-up in services
even as manufacturing slows.
New Zealand's benchmark NZX 50 index added 0.8
percent or 39.8 points to finish at another all-time closing
high of 5,073.1, underpinned by an strong economy.
(Reporting by Thuy Ong; Editing by Eric Meijer)