Aust stocks open 1% stronger

Local market follows strong Wall St leads higher after Fed's taper call.

The Australian stock market opened more than one per cent higher after the Federal Reserve decision to reduce its monthly bond buying program in the new year sent Wall Street higher.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index rose 1.09% to 5,151.6 points, while the broader All Ordinaries index increased 1.03% to 5,151.6 points.

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