Australian shares advanced on Wednesday, as a tumbling greenback sent mining and oil stocks into positive territory. The S&P/ASX 200 index ended 0.57 percent, or 32.289 points, higher at 5,653.2 at the close of trade. The benchmark fell 0.7 percent on Tuesday.
Fortescue Metals Group Ltd rallied as much as 4.7 percent to hit a near six-year high, as the world's fourth-largest iron ore miner expected a boost in iron ore demand after China's decision to close steel mills that use scrap metal.
Index heavyweights BHP Billiton Ltd and South32 Ltd rose 1.7 percent and 1.1 percent, respectively.
Westpac Banking Corp, one of the index's top performers, perked up 0.9 percent while international investment advisor AMP Limited rose 1 percent.
New Zealand's benchmark S&P/NZX 50 index ended flat at 7,055.5 points, as the gains in industrials were offset by losses in material stocks.
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