Tech shares led a rebound with a 3.1 per cent gain, followed by the real estate sector. -AAP Image
The local share market has finally bounced back strongly from Monday's sharp sell-off after better-than-expected US jobless figures belied claims the American economy is headed for recession.
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The benchmark S&P/ASX200 index on Friday finished up 95.7 points, or 1.25 per cent, to a lucky 7,777.7, while the broader All Ordinaries gained 104.2 points, or 1.32 per cent, to 7,990.7.
The ASX200 ended the week down 2.1 per cent, and is down 3.9 per cent so far in August but up 2.5 per cent for the year.
The Australian dollar meanwhile approached a two-week high against its US counterpart, buying 65.98 US cents, from 65.59 US cents at Thursday's ASX close.
