Markets

Australia shares shake off weak Wall St, end higher on oil, gold gains

Published December 2, 2014 Updated December 2, 2014 07:40am

1 min

By Shoaib Ur Rehman

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SYDNEY: Australian shares shook off a weak lead from Wall Street and recovered some of their recent losses on Tuesday, as rebounding oil and metals prices drove a relief rally in resources firms.

The S&P/ASX 200 index added 1.4 percent or 73.58 points to 5281.3, clawing back some of the 3.6 percent it lost in the previous two sessions.

New Zealand's benchmark NZX 50 index ended flat, rising 0.4 points to finish the session at 5430.0.

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