Aust stocks rally at the open

Local market rebounds from steep losses in previous session to begin 0.75% higher.

The Australian stock market pushed higher at the open, after better-than-expected earnings at JPMorgan Chase and Wells Fargo buoyed Wall Street overnight.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index added 0.77% to 5,252.2 points, while the broader All Ordinaries index increased 0.76% to 5,259.5 points.

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