The Australian share market has lifted, led by the finance sector, and unemployment came in steady. -AAP Image
The finance sector has helped lift the Australian share market out of three days in the red, while China demand concerns continued to weigh on miners.
Hold tight - we’re checking permissions before loading more content
The benchmark S&P/ASX200 closed 38.1 points higher, or 0.47 per cent, on Thursday at 8231.5, while the broader All Ordinaries edged 34.4 points higher, or 0.41 per cent, to 8485.3.
The information technology sector led the gains with a nearly two per cent surge, while financials and consumer discretionary sectors lifted by 1.4 per cent and 1.0 per cent respectively.
Iron ore futures slipped below US$100 per tonne, helping drag 1.16 per cent from BHP's market cap, amid ongoing concerns over China's forward demand.
The Australian dollar sunk past a three-month low, and was buying 64.7 US cents, down from 65.29 US at Wednesday's ASX close.
Australian unemployment came in steady at 4.1 per cent in October, in line with expectations.
8°C