Aust stocks close stronger

Local market pushes higher after weak US jobs data raises tapering questions.

The Australian stock market has closed stronger after weak United States jobs data caused global investors to question whether the pace of stimulus reduction may be slowed.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index gained 1.08% to 5,222.1 points, while the broader All Ordinaries index increased 1% to 5,236.5 points.

The United States economy added 113,000 jobs in January, missing a forecast of 175,000, official data showed.

IG chief market strategist Chris Weston said the poor payrolls report leaves traders questioning whether the path of tapering is to be tapered.

"The hope that the Fed may continue to buy $65 billion bonds per month, rather than cut $10 billion per month going forward, has given the equity markets hope once more, and those who have wanted to buy the dip have done so in earnest," Mr Weston said.

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