Australian shares climb; New Zealand down

Australian stocks climbed on Friday, underpinned by sharp gains in healthcare plays as solid results from medical device maker Resmed reflected signs of stability in the key US market.

The S&P/ASX 200 index closed up 0.7%, or 45.6 points, to 6,739.20, adding 1.4% for the week.

Local shares of San Diego, US-based Resmed Inc led gains with an 11% jump to a record close, after the company's quarterly results beat expectations.

Export-reliant healthcare stocks rose 1.8% to all-time highs, with sector heavyweight CSL Ltd and hearing devices maker Cochlear Ltd adding 1.6% and 2.6%, respectively.

Meanwhile, gold prices advanced to a 2-week high, driving gains in bullion stocks.

Across the Tasman Sea, the New Zealand benchmark S&P/NZX 50 index fell 0.4%, or 42.88 points, to 10,788.64. It shed 2.5% for the week, dragged by major power retailers. Meridian Energy Ltd fell 2.8% and recorded its worst week ever with an 8.9% drop.