Australian shares edge higher after shaky start

Australian shares have already handed back most of an early lead after optimism about the AI boom didn’t translate into significant upside for the local exchange. The S&P/ASX200 rose 21.3 points, or 0.24 per cent, to 8,753, as the broader All Ordinaries gained 26.5 points, or 0.3 per cent, to 8,945.6. The top-200 spiked almost 49 points at the open after a tech-led rally on Wall Street overnight, but an unconvincing bounce from under-pressure mining stocks and a lack of follow-through for bank stocks left it on track for yet another flat session. “The simple arithmetic at the moment is…