Aust stocks open higher

Local market pushes to its highest point since June 2008 following strong leads on Wall Street at the end of last week.

The Australian stock market opened at a fresh five-year high, after gains on Wall street driven by better-than-expected earnings from Amazon and Microsoft and solid results from Procter & Gamble and UPS.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index lifted 0.87%, at 5,432.9 points, while the broader All Ordinaries index added 0.84%, at 5,430.7 points.

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