The Australian share market has reversed its early losses of as much as 1.4 per cent to finish higher by a similar amount.

After being down 76.3 points early the S&P/ASX200 benchmark index closed Monday up 73.9, or 1.41 per cent, at 5,319.8 points, while the All Ordinaries index finished 64.5 points higher, or 1.21 per cent, at 5,389.5 points.

One Australian dollar buys 63.83 US cents, down from 64.60 US cents at Friday’s close.