Australian shares were largely unchanged on Tuesday as gains in heavyweight miners on the back of robust iron ore prices offset a slide in technology and financial stocks.
The S&P/ASX 200 index was up 0.05% at 7,303.2 points at 2327 GMT. The benchmark slipped to 0.3% at close on Monday.
Australia's financial sub-index fell as much as 0.5%, with lender Westpac Banking Corp losing up to 1.2% after flagging a A$1.3 billion ($956 million) profit hit in the second half.
The country's second-largest lender by market capitalisation said it would take the one-off charge after its institutional banking unit quit energy trading, among other reasons.
The rest of Australia's 'Big Four' banks - National Australia Bank Ltd, Australia and New Zealand Banking Group and Commonwealth Bank of Australia - were down between 0.4% and 0.6%.
Australia shares set to edge down at open; NZ rises
Tech stocks fell for a second straight day, slipping as much as 1.3%, after major Wall Street indices closed lower overnight.
Market darling Afterpay lost the most on the sub-index, falling as much as 2.6% to its lowest levels since Oct 5.
Balancing the slide, Aussie miners climbed 1.6% in their fourth straight session of gains as iron ore prices soared on supply fears.
BHP Group rose as much as 1.4%, while Rio Tinto and Fortescue Metals gained up to 1.8% and 1.9%, respectively.
Energy stocks inched 0.5% higher, with Oil Search adding 1.2% as oil prices rallied on surging demand.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index fell for a sixth consecutive session, losing 0.3%, with cancer diagnostics firm Pacific Edge dipping about 2.1%.
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