Aust stocks increase gains at noon

Local market lifts after inflation rises slightly less than expected.

The Australian stock market lifted at noon, after slightly lower than expected inflation figures and the HSBC flash PMI data out of China fell to an 11-month low.

At the 1205 AEST, the S&P/ASX200 index rose 0.42% to at 5,038 points, while the broader All Ordinaries index added 0.41% to 5,025 points.

It comes after the benchmark finished a second straight session over the key 5,000 threshold.

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