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Australia, NZ: Shares see-saw, end higher on oil, NZ shares hold gains

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[MELBOURNE] Australian shares climbed for a second day on Tuesday to hit the highest in a week, as a rebound by China and Hong Kong stock markets and in oil buoyed miners and energy companies.

The S&P/ASX 200 index rose by 1.37 per cent or 66.54 points to 4,910 points at the close of trade. The market hit a five-day high of 4,910. It had advanced by 1.64 per cent on Monday.

New Zealand's benchmark S&P/NZX 50 index climbed by 0.68 per cent or 41.09 points to finish the session at 6,075.37.

REUTERS