End-of-day summary:
Aussie stocks surged back towards record levels after a US-Japan trade deal helped steady nerves ahead of next week's August 1 White House deadline to sign agreements with trading partners.
The ASX 200 charged up 60 points or 0.69% to 8737, ending the session just 20 points below Friday's record close.
The big banks rebounded from two days of heavy selling. A five-month high in iron ore lifted mining heavyweights BHP, Rio Tinto and Fortescue.
Japanese stocks and US stock futures rose after the White House announced a trade deal with Japan. The Nikkei 225 index surged 3.56%. S&P 500 futures firmed 0.24%.
