Aust stocks open stronger

Local market races higher after Janet Yellen's testimony buoyed Wall Street.

The Australian stock market opened higher following strong gains on Wall Street after new Federal Reserve chief Janet Yellen's Congressional testimony appeared to reassure investors.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index added 0.53% to 5,282.6, while the broader All Ordinaries index rose 0.51% to 5,294.

Financials were broadly stronger, with the big four all in the black.

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