Oct 12 (Reuters) - Australian shares were largely unchanged
on Tuesday as gains in heavyweight miners on the back of robust
iron ore prices offset a slide in technology and financial
The S&P/ASX 200 index was up 0.05% at 7,303.2 points
at 2327 GMT. The benchmark slipped to 0.3% at close on Monday.
Australia's financial sub-index fell as much as
0.5%, with lender Westpac Banking Corp losing up to
1.2% after flagging a A$1.3 billion ($956 million) profit hit in
the second half.
The country's second-largest lender by market capitalisation
said it would take the one-off charge after its institutional
banking unit quit energy trading, among other reasons.
The rest of Australia's 'Big Four' banks - National
Australia Bank Ltd, Australia and New Zealand Banking
Group and Commonwealth Bank of Australia -
were down between 0.4% and 0.6%.
Tech stocks fell for a second straight day, slipping
as much as 1.3%, after major Wall Street indices closed lower
Market darling Afterpay lost the most on the
sub-index, falling as much as 2.6% to its lowest levels since
Balancing the slide, Aussie miners climbed 1.6% in
their fourth straight session of gains as iron ore prices soared
on supply fears.
BHP Group rose as much as 1.4%, while Rio Tinto
and Fortescue Metals gained up to 1.8% and
Energy stocks inched 0.5% higher, with Oil Search
adding 1.2% as oil prices rallied on surging demand.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50
index fell for a sixth consecutive session, losing 0.3%,
with cancer diagnostics firm Pacific Edge dipping about
($1 = 1.3611 Australian dollars)
(Reporting by Savyata Mishra in Bengaluru; Editing by