Australian shares recover bulk of week's losses

Markets have clocked a buoyant end to the week after rallies in the US and China. (Bianca De Marchi/AAP PHOTOS)

Australia's share market has clawed back most of the week's losses, as materials and banks rallied to help end the week on a high. 

The S&P/ASX200 rebounded 59.9 points, or 0.68 per cent, to 8,864.9, as the broader All Ordinaries jumped 57.3 points, or 0.63 per cent, to 9,128.7.