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The Australian share market has closed higher as the heavyweight mining and financial sectors rebounded from their morning losses.

The benchmark S&P/ASX200 index was up 14.6 points, or 0.22 per cent, to 6,665.4 points at 1615 AEST on Monday, while the broader All Ordinaries was down 11.2 points, or 0.17 per cent, to 6,745.5.

The Aussie dollar is buying 69.59 US cents, from 69.22 US cents on Friday.