Aust stocks close higher

Local market gets a kick after the US Federal Reserve's decision to continue its bond-buying program.

The Australian stock market has continued its early gains to close higher, taking its lead from record highs on Wall Street after the Federal Reserve unexpectedly kept its stimulus measures intact.

At the official market close of 1615 AEST the benchmark S&P/ASX200 index rose 1.1% to 5,295.5 points, while the broader All Ordinaries index was 1.11% higher at 5,288.6 points.

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