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AAP
AAP
Business
Adrian Black

Australian shares surge as banks, miners charge higher

United States Australia Persian Gulf Westpac
The ASX is trading near record highs as investors bet on a positive earnings season. (Dan Himbrechts/AAP PHOTOS)

Australia's share market is narrowing on its record high as easing oil prices and confidence in a strong earnings season for heavily weighted sectors bolster risk sentiment.

The S&P/ASX200 gained 126.5 points on Tuesday, up 1.4 per cent, to 9,145.8, as the broader All Ordinaries rose 133.5 points, or 1.45 per cent, to 9,311.9.

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