Bourse back with a vengeance as miners, IT stocks surge

The Australian share market has traded higher, recouping most of Friday's $60 billion in losses. (Bianca De Marchi/AAP PHOTOS)

Australia's share market has rebounded with gusto from the previous session, recapturing the bulk of Friday's more than $60 billion in losses.

The S&P/ASX200 surged 161.3 points on Monday, up 1.85 per cent, to 8,870.1, as the broader All Ordinaries rose 176.5 points, or 1.97 per cent, to 9,131.1.