Australian market reaches month-high on bank and energy gains
The Australian share market climbed to its highest level in more than a month, with broad gains across most sectors. Financials led the rally with major banks rising, while Challenger surged almost 20% following a takeover approach from a Japanese life insurance company. Energy stocks including Woodside and Santos strengthened after oil prices jumped 5%, with Santos reaching a 12-year high, though tech stocks declined following weakness on Wall Street.
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