(Updates to close)
SYDNEY May 21 Australian shares reversed early
losses for a second session to eke out a gain of 0.1 percent on
Wednesday, as a turnaround in two of the major banks offset a
drag among miners as iron ore prices extended a worrying slide.
Australia and New Zealand Banking Corp and
Commonwealth Bank of Australia rose 0.5 percent and 0.9
percent respectively, bouncing back from earlier falls.
The S&P/ASX 200 index added 4.3 points to 5,424.6 at
the close of trade. The benchmark tacked on 0.2 percent on
New Zealand's benchmark NZX 50 index slipped 0.5
percent to 5,108.6.
(Reporting by Thuy Ong; Editing by Shri Navaratnam)