(Updates to close)
SYDNEY May 20 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)