5 Mar 2009

Asia-Pacific markets higher

10:17 pm on 5 March 2009

Markets in the Asia-Pacific region ended the trading day higher on Thursday.

In New Zealand, the benchmark index was up 22 points, or 0.89%, at 2491 on turnover of $42 million.

Market heavyweights Telecom rose 8 cents to $2.46, Fletcher Building was up 1c to $5.27, while Contact Energy was unchanged at $5.51.

In Australia, the share market closed higher in choppy trading, boosted by stronger resource stocks on expectations that Chinese efforts to boost their economy would increase demand for minerals.

However, some disappointing building approvals and trade balance figures weighed on the bourse.

The benchmark S&P/ASX200 index was up 22.1 points at 3,188.5, while the broader All Ordinaries index gained 22.9 points to 3,148.8.

Japanese share prices ended 1.95% higher, rising for a second straight day as hopes mounted for a recovery in the Chinese economy.

The Tokyo Stock Exchange's benchmark Nikkei-225 climbed 142.53 points to end at 7,433.49.

The broader Topix index of all first-section shares advanced 9.51 points, or 1.30%, to 741.55.