RTTNews - Mixed opens are expected Wednesday for the New Zealand and Australian sharemarkets, following modest overnight gains on Wall Street.

New Zealand's market rose on Tuesday following a long weekend. The benchmark NZX-50 index advanced 43.03 points or 1.56 percent to 2,807.2.

The NZ Stock Exchange reported trading volume of 82.3 million shares valued at NZ$134.5 million.

Advancing stocks outnumbered decliners 63 to 39 with 19 closing unchanged.

Among the session's most actively traded stocks, Auckland International Airport was up $0.02, AMP NZ was down .02, Fletcher Building was up .28, Fisher & Paykel Appliances was up a nickel, R & P Healthcare was up .04, Goodman Property Trust rose one cent, Guinness Peat was also up a penny, Infratil was down .04, Kiwi Income Properties was up .02, Mainfreight was down .07, Nuplex was down .03, PGG Wrightson was down a nickel, Pike River Coal was down .04, Sky Network TV advanced .28 and Telecom Corp of NZ was down .03.

In Australia, stocks climbed after release of better than expected trade balance and housing start data, reaching their highest closing levels in more than six months. Traders also learned the Reserve Bank would leave its benchmark interest rate unchanged.

The benchmark S&P/ASX200 Index gained 60.9 points or 1.56 percent to 3,955.3 while the broader All Ordinaries index was up 61.7 points or 1.59 percent at 3,949.6.

Market turnover was 2.43 billion shares valued at A$5.85 billion.

There were 657 stocks closing higher, 412 lower and 324 unchanged.

The financial sector was mixed, with Australia and NZ Bank declining A$0.21, Commonwealth Bank was up .17, National Australia was up .28 and Westpac Bank was down .18. Investment bank Macquarie Group was up .91.

Among the mining companies, BHP Billiton was up .96 while rival Rio Tinto gained $2.67, Fortescue Metals was up .13 and OZ Minerals was up .04.

In the retail sector, Woolworths gained .60, Wesfarmers was up $1.09, Harvey Norman was up .13 and David Jones was up .12.

In overseas trading, U.S. stocks moved through a choppy trading session on Tuesday, turning positive at mid-afternoon. About 40 minutes before the close on Wall Street, the Dow Jones Industrial Average was ahead by 37.1 points or 0.43 percent at 8,758.54, the Nasdaq Composite Index was up 9.67 points or 0.53 percent at 1,838.35 and the Standard & Poor's 500 Index was up 3.23 points or 0.34 percent at 946.1.

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

In Japan, the Nikkei 225 Average closed higher by 26.56 points or 0.27 percent at 9,704.31.

Hong Kong's Hang Seng index declined 499.51 points or 2.64 percent at 18,389.08.

In China, the Shanghai Composite index was up 3.02 points or 0.11 percent at 2,724.30.

India's BSE 30 index was up 34.28 points or 0.23 percent at 14,874.91.

In Indonesia, the Jakarta Composite index was up 0.06 points or 0.00 percent at 1,998.64.

South Korea's KOSPI/Seoul Composite index was down 2.25 points or 0.16 percent at 1,412.85.

The Taiwan Weighted Index declined 5.02 points or 0.07 percent to 6,949.08.

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