Aust stocks close stronger

Local market pushes higher on strong GDP data, easing Russia-Ukraine tensions.

The Australian stockmarket has closed higher after local economic growth data beat expectations and tensions between Russia and Ukraine eased.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index rose 0.85% to 5,446.2 points, while the broader All Ordinaries index added 0.84% to 5,457.3 points.

IG chief market strategist Chris Weston said Asia reacted positively to strong Wall Street leads after appeasing comments from Russian President Vladimir Putin.

"While most had expected a positive resolution, this has probably come sooner than most had expected, not that we are fully out of the woods yet," Mr Weston said.

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