Aussie market bounces 1.08%

Australian share market closed higher on Monday, 24 November 2014, as investors chased for bottom fishing following last week selloff and as the prospect of further policy stimulus in China and Europe. Most of the ASX sectoral indices climbed up, with shares of beaten-down iron ore miners posted their strongest day today after an unexpected interest rate cut in China late on Friday. The S&P/ASX 200 index closed 57.50 points, or 1.08%, higher at 5361.80, after falling 2.8% last week. The broader All Ordinaries index rebounded 56.90 points, or 1.08%, to 5349, after suffering loss of 2.6% prior

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