Aust stocks increase gains at noon

Local market strengthens up to lunchtime after Wall Street rose overnight despite mixed earnings reports.

The Australian stock market increased gains to sit 0.5% higher at noon despite a series of mediocre US earnings reports limiting buying enthusiasm.

At 1205 AEST, the benchmark S&P/ASX200 index rose 0.5% to 5,026.8 points and the broader All Ordinaries index rose 0.52% to 5,014.6 points.

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