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AAP
AAP
Business
Derek Rose

Australian shares rebound but still lose ground

The property, utilities, staples and tech sectors managed to gain ground, while materials was flat. (Paul Miller/AAP PHOTOS)

The local share market has dropped for a second session but the losses at the closing bell were much less severe than they had been at the start of trading.

The S&P/ASX200 had slumped 1.2 per cent in the first few minutes of trading on Monday, following the release of key US jobs data late Friday.

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