(Reuters) - Australian shares ended little changed on Wednesday as strength in energy and materials stocks was countered by declines in banks and industrials.
The S&P/ASX 200 index <.AXJO> fell 1.70 points to 6,195.90 at the close of trade. The benchmark slipped 0.2 percent on Tuesday.
Gains on the index were driven by global miner BHP <BHP.AX>, which advanced 1.8 percent, underpinned by higher iron ore and oil prices. [IRONORE/] [O/R]
Among other miners, Rio Tinto Ltd <RIO.AX> firmed 0.4 percent, while South32 Ltd <S32.AX> jumped 0.3 percent.
Energy stocks also rose, with oil-focused firms Woodside Petroleum Ltd <WPL.AX> and Oil Search Ltd <OSH.AX> climbing 1.4 percent and 2.2 percent, respectively.
Higher oil prices put pressure on shares of Qantas Airways Ltd <QAN.AX>, which dropped 2 percent to its lowest since June 5.
Other industrial sector stocks also fell, with rail operator Aurizon Holdings <AZJ.AX> declining 2.9 percent to a two-week low.
Financials were also in the red, with National Australia Bank Ltd <NAB.AX> sliding 0.7 percent, while Westpac Banking Corp <WBC.AX> dropped 0.2 percent.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index <.NZ50> edged up 0.1 percent or 6.72 points to finish the session at 8,996.52.
New Zealand business confidence sank to a seven-month low in June, a survey by ANZ Bank showed on Wednesday, reinforcing recent signs the country's economy was losing some of its gloss after years of strong growth.
Telecommunication services were the dominant gainers, with Spark New Zealand Ltd <SPK.NZ> jumping 1.8 percent.
(Reporting by Aditya Soni in Bengaluru; Editing by Simon Cameron-Moore)
