Aust stocks open flat

Local market begins little changed after mixed leads from Wall Street overnight.

The Australian sharemarket opened little changed following a mixed session on Wall Street where the S&P 500 inched its way to another record high.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index inched down 3.3 points, or 0.06%, to 5,584.5 points, while the broader All Ordinaries index slipped 2.5 points, or 0.04%, to 5,574.3 points.

Locally, no major economic or equities news is expected on Friday.

In Australia, the market on Thursday closed higher for the seventh session in a row, boosted by Chinese manufacturing data and US company earnings.

Banking giant HSBC said its preliminary purchasing managers index of China's manufacturing activity for July jumped to 52.0 from a final reading of 50.7 in June.

The result suggests a recent slate of small stimulus measures by the Chinese government is gaining traction.

Australia's benchmark S&P/ASX200 index closed up 11.1 points, or 0.2%, at 5,587.8 points, while the broader All Ordinaries index rose 9.8 points, or 0.18%, to 5,576.8 points.

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