Aust stocks close stronger

Local market undeterred by downbeat housing data as financials outperform.

The Australian sharemarket closed higher following healthy Chinese PMI figures, shrugging off negative headline housing data. 

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index added 26 points, or 0.47%, to 5,518.5 points, while the broader All Ordinaries index edged up 25.4 points, or 0.46%, to 5,499.2 points.

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