SYDNEY, AAP – Australia’s share market had a modest recovery from Monday’s huge losses although the spectre of a teetering Chinese property giant weighed on some categories.
The market had broad-based gains on Tuesday as investors saw bargains after the losses of 2.1 per cent the previous day.
Energy, information technology and consumer discretionaries were the-best performing categories.
The big banks closed lower as investors wait to see whether property giant Evergrande can repay massive debts this week.
The benchmark S&P/ASX200 index closed higher by 25.6 points, or 0.35 per cent, to 7273.8.
The All Ordinaries closed up by 25.2 points, or 0.33 per cent, to 7563.1.
The Australian dollar was buying 72.73 US cents at 1624 AEST, higher than 72.33 US cents at Monday’s close.