Aust stocks rise more than 1% at noon

Local market rallies despite uncertainty on QE paring timeframe in FOMC minutes.

The Australian stock market extended gains beyond 1% at noon with investors seemingly unfazed by lack of clarity in the latest US Federal Reserve meeting minutes on a timeframe to wind back aggressive stimulus measures.

At 1205 AEST the benchmark S&P/ASX200 index added 1.08% to 4,954.3 points, while the broader All Ordinaries index increasing 1.03% to 4,935.5 points.


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