Nov 25 (Reuters) - Australian shares were largely unchanged
on Thursday, as gains in local miners on rising iron ore prices
were offset by losses in financial stocks.
The S&P/ASX 200 index slipped 0.09% to 7,392.6 by
Mining stocks rose about 1% and were the biggest
boost to the main index, after the benchmark iron ore futures
jumped 5.8% extending on a 10% jump from the previous session.
Sector heavyweights BHP, Rio Tinto and
Fortescue gained between 1% and 2.8%, with Foretscue
touching its highest level since Sept. 14.
Australia tech stocks rose 1.5% despite a mixed Wall
Street session overnight, with EML Payments rising over
16% to track its best day since February, after Ireland's
central bank allowed its unit to sign new customers and launch
Afterpay was also among top gainers on the
sub-index, rising 3.2% - tracking a 2.4% jump in Square
Bucking the trend, financials fell for a second
consecutive session and were down by 0.6%, with all of the "Big
Four" banks in the red.
Shares of National Australia Bank was down about
1%, even after the country's competition watchdog approved its
acquisition of Citi's local consumer business.
New Zealand's benchmark S&P/NZX 50 index rose 0.8%
to 12,868.4, with the country's biggest company by market value,
Fisher & Paykel, hitting a two-month high on upbeat
New Zealand also posted a monthly trade deficit for the
month of October, a day after the country's central bank lifted
interest rates for the second time in as many months amid rising
inflationary pressures and easing coronavirus curbs.
(Reporting by Indranil Sarkar in Bengaluru; Editing by Rashmi