The Australian sharemarket extended its gains for a third consecutive session on Monday, trading at eight-week highs as optimism grew over easing global trade tensions.
The S&P/ASX200 closed up Monday, gaining 28.9 points or 0.4% to 7,997.1, with 10 of 11 sectors finishing in positive territory.
On Wall Street, major indices ended higher on Friday, supported by reports suggesting progress in United States-China trade negotiations.
Technology companies echoed the risk-on mood, with Computershare up 0.6%, Xero adding 1.9%, and TechnologyOne advancing 3.1%.
Energy also lifted 1.5% overall, with Santos up 2.2% and Woodside Energy gaining 1.8% as crude oil prices ticked higher.
Among individual companies, Brambles dragged on the broader market, slumping 5% after the company downgraded its sales revenue growth forecast, citing an uncertain consumer demand outlook.
Flight Centre finished 0.5% higher despite flagging that it was unlikely to meet earnings guidance of between A$365 - $405 million, downgrading to the $300-335 million range.
Ainsworth Game Technology surged 31.1% after majority shareholder Novomatic announced plans to acquire all outstanding shares in the poker machine maker, valuing the deal at $336.8 million.
On the bond market, both 10-year and 2-year yields moved 0.5% and 1.2% lower to 4.127% and 3.257%, respectively.
