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AAP
AAP
Business
Derek Rose

Australian shares edge higher despite Wisetech plunge

The local market rebounded but remains jittery against a backdrop of global trade uncertainty. (Bianca De Marchi/AAP PHOTOS)

The local share market has snapped a five-day losing streak, with a rebound by the big banks outweighing a huge drop by the bourse's biggest tech firm and losses in the mining sector.

The benchmark S&P/ASX200 index began Monday down as much as 79.9 points, or 0.9 per cent, but clawed back those losses to finish the day up 12 points, or 0.14 per cent, to 8,308.2.

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