Aust stocks open stronger

Market rallies in early trade after US car sales, China data pushed Wall Street to new highs.

The Australian sharemarket rallied 1 per cent at the open after Wall Street barrelled to new highs on the back of strong US car sales and Chinese manufacturing data.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index rose 55.6 points, or 1.03%, to 5,431.5 points, while the broader All Ordinaries index gained 53.2 points, or 0.99%, to 5,419.7 points.


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