5 Jun 2009

Asia-Pacific markets higher

10:31 pm on 5 June 2009

Markets in the Asia-Pacific region ended the week higher on Friday.

The New Zealand share market was up 18 points, or 0.7%, to 2834 on turnover of $79 million.

Top stocks were mixed. Telecom was up 5c to $2.61, Fletcher Building fell 4c to $6.95 and Contact Energy slid 15c to $5.80.

The Australian share market closed higher on Friday, boosted by big jumps in the share prices of global miners BHP Billiton and Rio Tinto.

The mining giants announced a massive iron ore joint-venture in Western Australia, and Rio launched a $US15.2 billion rights issue as it scrapped its proposed $US19.5 billion transaction with Aluminum Corporation of China (Chinalco).

At the 1615 AEST close, the benchmark S&P/ASX200 index had risen 36.6 points, or 0.93%, to 3971.2, while the broader All Ordinaries index lifted 36.5 points, or 0.93%, to 3969.0 points.

Japanese share prices closed up Friday, tracing gains on Wall Street amid quiet trade, dealers said.

The benchmark Nikkei-225 index rose 99.05 points, or 1.02%, to 9,768.01. The broader Topix index of all first section shares gained 5.57 points, or 0.61%, to 916.56.