* Trading in Australia expected to resume on Tuesday
* Prior to halt, Australian index at 9-month high
* NZ shares gain for 10th session
Nov 16 (Reuters) - Trading on Australia's stock exchange was
halted just 20 minutes from the open on Monday due to "market
data issues", though the benchmark managed to hit its highest in
nine months in the short window, while New Zealand extended
gains to a tenth session.
The Australian bourse operator said it identified the
underlying issue and had a fix in place to let trading resume on
Tuesday at 10 a.m. (2300 GMT Monday).
The benchmark ASX 200 index ended up 1.2% at its
highest close since Feb. 27, as early trade went in favour of
strong factory output from China, Australia's top trading
"I think we'll see extended volumes and more volatility than
normal in tomorrow's trading," said Nick Twidale, general
manager at IC markets.
"It's a concern that the technology for the major exchange
in Australia is at fault for this long."
Australia also signed up to the world's largest free trade
bloc of 15 Asia-Pacific countries over the weekend. The grouping
aims to lower tariffs and may aid in the post-pandemic recovery.
Prior to the halt, financials and energy stocks
fuelled the index's gains, while buy-now-pay-later
stocks were weaker after a regulator's report pointed to
financial hardships faced by users.
The so-called "Big Four" banks added as much as between 1.4%
and 2.7%, while energy sector heavyweights Woodside Petroleum
and Santos gained 1.1% and 1.7%, respectively.
In New Zealand, the benchmark index closed at its
highest level of 12,744.92 points.
Air New Zealand was one of the top percentage
gainers, closing 3.1% higher, while local shares of the
Australia and New Zealand Banking Group added 2.8%.
(Reporting by Arundhati Dutta in Bengaluru, Editing by Sherry