Aust stocks open more than 1.5% higher

The Australian stock market opened more than 1.5% higher after sharp falls in its previous session, following gains on US and European bourses on encouraging manufacturing data out of Europe.

The Australian stock market opened more than 1.5% higher after sharp falls in its previous session, following gains on US and European bourses on encouraging manufacturing data out of Europe.

At the 1015 AEST official market open, the benchmark S&P/ASX200 index rose 1.54% to 4783 points, while the broader All Ordinaries index was 1.49% higher at 4759.6 points.

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