(Updates to close)
Australian shares gave up early losses to finish 0.51 percent higher on Tuesday
helped by solid building approvals data and a better-than-expected balance of
payments, while after the central bank left monetary policy unchanged.
The Reserve Bank of Australia kept interest rates at record lows for the
12th straight policy meeting on Tuesday and seemed content to stay on the
sidelines for a while as the economy adjusts to a waning mining boom.
The S&P/ASX 200 index rose 0.51 percent, its biggest gain in two
weeks, to end at 5,658.5 points led by strong gains in financials, resources and
New Zealand's benchmark NZX 50 index rose 0.12 percent or 6.37
points to finish the session at 5,221.77.
(Reporting by Swati Pandey; Editing by Eric Meijer)