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Aust stocks open stronger

Local market pushes slightly higher in early trade as Wall St bucks shutdown fears.
By · 2 Oct 2013
By ·
2 Oct 2013
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The Australian stock market pushed slightly higher at the open, following gains on international markets amid hopes the partial United States government shutdown will not seriously harm the economy.

At the 1015 AEST official market open, the benchmark S&P/ASX200 index pushed 0.34% to 5,224.6 points, while the broader All Ordinaries index lifted 0.33% to 5,223.4 points.

In economic news on Wednesday, the Australian Bureau of Statistics is due to release international trade in goods and services, and building approvals figures, both for August.

No major equities news is expected.

In Australia, the market on Tuesday fell in choppy trading, after the United States government partially closed down because Congress failed to agree upon a new budget.

The benchmark S&P/ASX200 index dropped 12.1 points, or 0.23%, to 5,206.8 points.

The broader All Ordinaries index lost 11.4 points, or 0.22%, at 5,206.3 points.

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