Aust stocks close 1% stronger

Local market pushes higher as activity picks up in China's manufacturing sector.

The Australian sharemarket extended morning gains to close 1 per cent stronger today as activity picked up in China's manufacturing sector and the iron ore price edged higher.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index rose 55.3 points, or 1.02%, to 5,479.9, while the broader All Ordinaries index gained 54.2 points, or 1%, to 5,458.1.


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