RTTNews - Higher opens are expected Tuesday for the New Zealand and Australia sharemarkets. The markets get a positive lead from Wall Street on a light day of U.S. trading.

In New Zealand, the market opened the week with a small gain.

The benchmark NZX-50 index added 4.5 points or 0.2 percent to close at 2,775.12.

The New Zealand Stock Exchange reported market trading volume of 40.8 million shares valued at NZ$125.3 .

Advancing issues totaled 31, decliners numbered 48 and there were 35 unchanged.

Among the session's most actively traded issues, AMP Pro was down NZ$0.03, Australia and NZ Banking Group was down .01, AMP NZ Office Trust was unchanged, Fisher & Paykel Appliances was unchanged, F & P Healthcare was down a nickel, Goodman FPO was down .06, Goodman Property Trust was up a penny, Kiwi Income Properties was down a penny, Lion Nathan was unchanged, SkyCity Entertainment was down .04, Telecom Corp of NZ was unchanged, Telstra was up .06 and Westpac Bank was down .22.

Across the Tasman, Australia's sharemarket posted a modest loss.

The benchmark S&P/ASX200 Average dropped 16.9 points or 0.4 percent to close at 3,886.9 and the broader All Ordinaries index was down 16.8 points or 0.4 percent to close at 3,882.7.

Market turnover was 1.8 billion shares valued at A$4.05 billion.

There were 427 gainers, 697 decliners and 394 unchanged.

The resources sector was lower, with global mining leader BHP Billiton down A$0.06, rival Rio Tinto was down .73, Fortescue Metals dropped .06 and OZ Minerals was unchanged.

Among the coal miners, Macarthur Coal jumped .38 or 6 percent but Centennial Coal was down .06 and Felix Resources was down .21.

For the gold miners, Newcrest Mining was down .08, Newmont was down .08 and Lihir Gold was down .03.

The major banks were mixed, with Commonwealth Bank of Australia up .26 and National Australia Bank up .07 while Australia and NZ Bank was down .19 and Westpac Banking was down .22. Investment banker Macquarie Group was down .03.

In overseas trading, U.S. stocks moved broadly higher on Monday albeit on low volume. About 20 minutes before the market close, the Dow Jones Industrial Average was up 67.71 points or 08 per percent at 8,506.10, the Nasdaq Composite index was ahead by 3.61 points or 0.28 percent at 1,843.35 and the Standard & Poor's 500 index was up 7.45 points or 0.81 percent at 926.33.

Markets in the Asia/Pacific region were mixed on Monday.

In Japan, the Nikkei 225 Average was down 93.92 points or 0.95 percent at 9,783.47.

China's Shanghai Composite index was up 47.10 points or 1.61 percent at 2,975.31.

The Hang Seng index in Hong Kong declined 71.75 points or 0.39 percent to 18,528.51.

In India, the BSE 30 index was up 21.10 points or 0.14 percent at 14,785.74.

Indonesia's Jakarta Composite index dropped 6.48 points or 0.32 percent to 2,033.72.

The KOSPI/Seoul Composite index in South Korea dropped 6.08 points or 0.44 percent to 1,388.45.

The Taiwan Weighted Index lost 72.41 points or 1.12 percent to 6,391.15.

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