Asia-Pacific markets struggled for gains by Monday afternoon as investors reacted to last week’s U.S. jobs report that trounced expectations and fueled hopes for a faster economic recovery.
Australian shares finished the session in green but retraced most of their earlier gains. The benchmark ASX 200 rose 0.43% to 6,739.60 as most sectors traded higher, with the heavily-weighted financials subindex adding 0.5%. Major banking and mining stocks mostly rose: Shares of Commonwealth Bank jumped 1.01% while Rio Tinto added 2.91%, Fortescue was up 0.5% and BHP gained 2.38%.
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