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AAP
AAP
Business
Derek Rose

Aust shares rise for 2nd day to finish week higher

The heavyweight mining sector was the biggest gainer, while staples lost the most ground. (Steven Saphore/AAP PHOTOS)

The Australian share market has finished higher for a second day after an bigger-than-expected drop in US retail last month reignited hopes for rate cuts by June.

The benchmark S&P/ASX200 index finished Friday up 52.6 points, or 0.69 per cent, to 7,658.3, while the broader All Ordinaries gained 53.9 points, or 0.69 per cent, to 7,905.6.

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