Aust stocks open sharply higher

Local market surges following strong Wall St leads on debt deal optimism.

The Australian stock market opened stronger following positive leads from Wall Street on growing optimism regarding a deal on the US debt ceiling.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index was 1.03% higher at 5,261.3 points, while the broader All Ordinaries index lifted 1% at 5,258.4 points.

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