The Australian share market gained 0.9% this week, closing on 6,601.1 points. Investors took confidence from AstraZeneca vaccine news, as well as the start of formal preparation for a transition to the Biden administration.

Late-week sentiment was somewhat dampened by bleak US jobs data, plus Australia-China trade relations, with Treasury Wine Estates caught in the crossfire.

Which shares excelled?

There was a resurgence among coal stocks this week, despite Australian coal exports to China slumping 21% in October. In addition, investors were unperturbed with the fact that there are currently around 80 coal ships stuck off the coast of China amid diplomatic tension between the two nations.

Nonetheless, sentiment was on the up amid the broader rally, and with this sector previously hit hard, the rebound spurred on the likes of Coronado Global Resources (ASX: CRN), New Hope Corporation (ASX: NHC), Whitehaven Coal (ASX: WHC) and Yancoal (ASX: YAL).Elsewhere, the lithium sector remained in favour, with the segment continuing to see strong support. Stocks such as Pilbara Minerals (ASX: PLS) and Orocobre (ASX: ORE) again led the charge, with the former now almost double its share price from a month ago. Even Galaxy Resources (ASX: GXY) managed to post a strong gain, rising 16.3% despite announcing a $161 million capital raise throughout the week.Investment management firms also caught a break, lifted by highs being set across the market. With the Dow Jones passing 30,000 for the first time, and the ASX reaching a nine-month high, there may be some confidence emerging that the likes of Platinum Asset Management (ASX: PTM), Challenger (ASX: CGF) and Perpetual (ASX: PPT) could see improving operational performance.Mesoblast (ASX: MSB) shares rose 11.8%, buoyed by the company recent deal with Swiss pharma giant Novartis. Last week news still appears to be reverberating with shareholders, as the stock posted a significant increase on Monday, before some of its gains were pared across the week.More positive vaccine news, this time from AstraZeneca, gave life to the energy sector, as oil hit its highest level since early March. Origin Energy (ASX: ORG) was one of the biggest beneficiaries among energy stocks, climbing 11.1%, and also helped by the company recent news relating to its feasibility studies set to assess exports of green' hydrogen and ammonia.Last but not least, recovery stocks were also in demand as the market digested the third major piece of vaccine news in as many weeks. The travel industry was well represented, with Air New Zealand (ASX: AIZ) and Flight Centre (ASX: FLT) being standouts, however, there was also representation across real estate, Unibail-Rodamco-Westfield (ASX: URW), and leisure, Crown Resorts (ASX: CWN).

Which shares dragged on the market?

Treasury Wine Estates (ASX: TWE) was forced into a trading halt on Friday, however, by that time the winemaking business had already seen its share price plunge 6.7%. The drop came after China Ministry of Commerce issued a preliminary ruling regarding its investigation into alleged wine-dumping by Australian exporters. The company will reportedly be subject to a tariff rate of almost 170%, although management are yet to respond to the announcement.Tech stocks remained on the outer given the rotation from growth stocks into recovery plays, which has almost exclusively been driven by vaccine news. This week, featuring among the worst-performing stocks were companies such as Megaport (ASX: MP1), Appen (ASX: APX), Nearmap (ASX: NEA), and not for the first time in recent weeks, NextDC (ASX: NXT).Tying into that, digital payments stocks and online retailers were also on the back foot, despite the week being one of the more prominent ones on the consumer calendar given the advent of Black Friday. Tyro Payments (ASX: TYR) and Afterpay (ASX: APT) drifted by 9.8% and 3% respectively, with the latter also attracting publicity as one of its offshore competitors called for greater regulation of the sector. Meanwhile, Temple & Webster (ASX: TPW) slumped 13%.Negative sentiment continued to cloud gold stocks, with the price of the commodity falling yet again this week, inching towards US$1800/oz. While lithium producers and coal miners see a spike in interest, gold stocks have had a torrid time of late. Shareholders in De Grey Mining (ASX: DEG), Saracen Mineral Holdings (ASX: SAR) and Evolution Mining (ASX: EVN) saw the impact on their portfolios this week, with each stock coming under heavy selling pressure.Last but not least, Pointsbet (ASX: PBH), Virgin Money UK (ASX: VUK), Elders (ASX: ELD) and Home Consortium (ASX: HMC) round out this week worst-performing stocks.

We'll be back next week with another Weekly ASX Trading Wrap Up - until then, have a great weekend!