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Australia shares perk up as BOJ overhauls policy; NZ down

Published 21/09/2016, 04:34 pm
© Reuters.  Australia shares perk up as BOJ overhauls policy; NZ down
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Sept 21 (Reuters) - Australian shares rose for a second straight session on Wednesday, spurred by the Bank of Japan's decision to adopt a target for long-term interest rates in an overhaul of its massive monetary stimulus programme. S&P/ASX 200 index .AXJO closed up 0.7 percent, or 36.03 points, at 5,339.6, with financials leading the way.

Australia and New Zealand Banking ANZ.AX , one of the "big four" Australian banks, extended gains into a sixth-straight session to climb 1.7 percent in what is its longest streak of gains since July.

Retail giant Wesfarmers Ltd WES.AX ended 1.8 pct higher to hit a near-one month high.

New Zealand's benchmark S&P/NZX 50 index .NZ50 snapped three sessions of gains to slide 0.4 percent or 27.28 points to 7,281.17.

Orion Health Group OHE.NZ was the biggest percentage loser on the index, plummeting 5.3 percent to close at a five-month low.

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