SYDNEY, AAP – Investors have salvaged gains on the Australian share market despite a slide on news of China’s economic slowdown.

The market closed about a quarter of a per cent higher on Monday after China’s third-quarter growth was the slowest in 12 months. The economy improved by 4.9 per cent.

The major ASX categories of miners and banks fared best.

Technology, property and healthcare shares had the greatest losses.

The benchmark S&P/ASX200 index closed higher by 19.1 points, or 0.26 per cent, to 7381.1.

The All Ordinaries closed up 15.5 points, or 0.2 per cent, to 7689.7.

The Australian dollar was buying 74.04 US cents at 1622 AEDT, lower from 74.25 US cents at Friday’s close.