Aust stocks hold gains at noon

Local market lifts over half a per cent, rebounding from yesterday's losses.

The Australian stock market held early gains at noon, rebounding from the heavy losses suffered in the previous session and bucking the trend of weaker global bourses.

At 1210 AEST, the benchmark S&P/ASX200 index rose 0.62% to 5,042.5 points, while the broader All Ordinaries index lifted 0.58%, to 5,025.8 points.

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