19 May 2009

Asia-Pacific markets higher

11:09 pm on 19 May 2009

Markets in Asia and the Pacific were higher at the close on Tuesday.

The New Zealand share market rose 13 points, or 0.5%, to close at 2791 on turnover of $84 million.

Telecom was up 1 cent at $2.59, but Contact Energy fell 8c to $5.92 and Fletcher Building was down 10c to $6.59.

Infratil rose 7c to $1.70 after announcing on Monday it lost $191 million in the year to March.

The Australian share market closed more than 2% higher following a strong lead from overseas and gains by major resource stocks.

The benchmark S&P/ASX200 was up 81.7 points, or 2.19%, at 3817.3, while the broader All Ordinaries increased 79.0 points, or 2.12%, to 3800.6.

Japanese share prices were up 2.78% at the close. The benchmark Nikkei-225 index rose 251.60 points to end at 9,290.29.

The broader Topix index of all first section shares climbed 20.05 points, or 2.33%, to 879.76.

Hong Kong share prices closed 3.06% higher, amid renewed optimism over a possible global economic recovery, dealers said.

The benchmark Hang Seng Index ended up 521.12 points at 17,544.03.