The S&P/ASX 200 index nudged up 2.1 points, or 0.04 percent, to 5,408.0 at the close of trade. After one of the worst starts to a calendar year in decades, the benchmark is now up 2 percent so far in 2016.

New Zealand's benchmark S&P/NZX 50 index gained 27.1 points, or 0.4 percent, surpassing 7,000 for the first time to finish the session at 7,019.6.

(Reporting by Byron Kaye; Editing by Shri Navaratnam)