ASX lifts on mining rebound, Macquarie first-half earnings to fall 35pc

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After last week's bruising tech sell-off, mining and energy stocks help the Australian market recover some losses, while Macquarie Group flags its earnings will drop.

Australian shares have kicked off the week with solid gains, driven mainly by mining and energy stocks.The Australian dollar had slipped to 72.73 US cents.

Some of the best performing stocks include coal miners Whitehaven Coal and New Hope Corporation , as well as nickel producer Western Areas .Rio Tinto shares jumped after the companyAn internal review found those executives were partially responsible for the mining company's decision to destroy an ancient Aboriginal site, the Juukan Gorge, earlier this year.

 

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