RTTNews - Mixed opens are expected for the New Zealand and Australia sharemarkets on Tuesday, as Wall Street stopped to take a breath from its recent run-up. There was little in the way of economic data to drive U.S. stocks.

The New Zealand and Australia sharemarkets joined the global move to higher ground on Monday.

In New Zealand, the benchmark NZX-50 index advanced 32.7 points or 1.02 percent to 3,067.

Trading volume was reported by the New Zealand Stock Exchange at 47.4 million shares valued at NZ$110.7 million.

Advancing stocks outnumbered decliners 61 to 21 with 31 unchanged.

Among the session's most actively traded stocks, Auckland International Airport was up NZ$0.02, AMP NZ Office Trust was up .02, Fletcher Building was up .03, Fisher & Paykel Appliances was up .01, Goodman Property Trust rose .03, Ryman Healthcare was up two cents, SkyCity Entertainment Group was up .02 and Telecom Corp of NZ was up .08.

Among the Australia-NZ dual-listed stocks, Australia and NZ Bank was up .78, AMP was up .19, Telstra was down .11 and Westpac Bank was up .99.

Across the Tasman, Australia's market was likewise solidly higher at the close.

The benchmark S^P/ASX200 index gained 135.5 points or 3.16 percent to close at 4.426.1 while the broader All Ordinaries index advanced 128.5 points or 2.98 percent to 4,434.2.

Trading volume totaled 2.63 billion shares valued at A$5.53 billion.

Advancing stocks outnumbered decliners 769 to 358 with 314 unchanged.

The financial sector was broadly higher, with Australia and NZ Banking Group up A$0.78, Commonwealth Bank of Australia was up $1.06, National Australia Bank up $1.00 and Westpac Bank up .99. Investment bank Macquarie Group rose $2.01 or 4.5 percent.

Telecommunications giant Telstra continued its slide, dropping .11. Rival Singapore Telecom was up .03.

In the retail sector, Woolworths was up .52, Wesfarmers advanced A$1.16, JB Hi-Fi was up .31, Harvey Norman was up .15 and David Jones was up a dime.
Among the major players in the resources sector, miner BHP Billiton was up $1.57 while rival Rio Tinto was up $2.67.

Among the gold miners, Newcrest mining was up 79, Lihir Gold was up .04, Sino Gold was up .09 and Gindalbie Metals was up two cents.

Overseas, U.S. markets opened higher but turned modestly lower late in the trading session. About a half hour before the closing bell on Wall Street, the Dow Jones Industrial Average was down 7.33 points or 0.08 percent at 9.498.63, the Nasdaq Composite index was down 5.77 points or 0.29 percent at 2.016.27 and the Standard & Poor's 500 index was lower by 1.91 points or 0.19 percent at 1.024.78.

All of the major markets in the Asia/Pacific region finished higher on Monday.

In Japan, the Nikkei 225 Average was up 342.85 points or 3.35 percent at 10,581.05.

Hong Kong's Hang Seng index was up 336.92 points or 1.67 percent at 20,535.94.

The Shanghai Composite index in China advanced 32.66 points or 1.10 percent at 2.883.43.

India's BSE 30 index was up 387.92 points or 2.55 percent at 15,628.75.

In Indonesia, the Jakarta Composite index was up 41.98 points or 1.80 percent at 2.375.87.

In South Korea, the KOSPI/Seoul Composite index was up 31.24 points or 1.98 percent at 1,612.22.

The Taiwan Weighted Index advanced 183.45 points or 2.76 percent at 6,838.34.

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