* Job advertisements rise for a third straight month
* COVID-19 vaccine to reach Australia by Jan
* Melbourne lockdowns extended until Sept-end
* Miners see biggest one-day gain in a month
Sept 7 (Reuters) - Australian shares finished higher on
Monday in a choppy session as firmer job advertisement numbers
and prospects of first batches of a COVID-19 vaccine by early
next year outweighed the extension of virus-driven lockdowns in
Melbourne.
Investors took some solace from the government's deal with
CSL to manufacture two vaccines - one developed by
rival AstraZeneca and Oxford University, and another
developed in CSL's own labs with the University of Queensland.
Sentiment was also buoyed to a degree after job ads rose for
a third straight month in August, though economists remained
cautious about the outlook for jobs.
The S&P/ASX 200 index rose 0.3% to 5,944.8 at the
close of trade, after starting the session in negative
territory.
"I definitely think the vaccine will be a very big boost in
terms of confidence that will mean we can start reopening the
economy," said James Tao, analyst at CommSec.
Tao added the positive developments regarding the vaccine
and the lockdown in Victoria were opposing forces at the moment
and would determine which way investor confidence would shift.
Coronavirus hotbed Victoria state's extension of a hard
lockdown in capital Melbourne on Sunday until September-end had
weighed on the benchmark early in the session as investors
anticipated further job losses.
Miners ended 2% higher after iron ore futures jumped
on a recovery in downstream steel demand, with an added boost
from gold stocks.
Global miners BHP Group and Rio Tinto
climbed 2.4% and 2.5%, respectively.
Commonwealth Bank of Australia and Westpac Banking
Corp led gains among financials, rising 1% and
1.9%, respectively.
Consumer and industrial stocks were the biggest drags on the
benchmark, with Transurban Group slipping 2.8% and
Woolworths easing 1.3%.
New Zealand's benchmark S&P/NZX 50 index rose 0.3%
to finish the session at 11,859.45.
Local shares of Westpac and Australia and New Zealand
Banking Group both added 1.5% each.
(Reporting by Arpit Nayak in Bengaluru, Editing by Sherry
Jacob-Phillips)