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Australia shares upbeat as bank stocks gain, NZ market up

Australia shares

Australian shares rose on Tuesday with financials back in the spotlight, and buoyant commodity prices lifting materials shares.

The SS&P/ASX 200 index rose 40.41 points, or 0.7 per cent, to 5,761 at 0301 GMT. The benchmark rose 0.3 per cent on Monday, but was slightly down in July and posted its third consecutive monthly fall.

The biggest boost for the bourse was Commonwealth Bank of Australia, which bounced back to rise 0.9 per cent after two days of losses.

Paul

The author Paul