(Updates to close)
SYDNEY Aug 12 Australian shares surged 1.3
percent on Tuesday, thanks to Wall Street's rise, reduced
tensions over Ukraine and an improvement in local business
The S&P/ASX 200 index climbed 73.3 points to close
at 5,530.3. Tuesday's percentage gain was the biggest since July
2. The benchmark added 0.4 percent on Monday, snapping six days
A measure of Australian business conditions hit the highest
in four years in July, as firms reported a sharp pick-up in
sales and profitability.
New Zealand's benchmark NZX 50 index added 0.1
percent or 6.2 points to 5,055.8.
(Reporting by Thuy Ong; Editing by Richard Borsuk)