Aust stocks surge at open

Local market pushes more than 1% higher following record one-day gains on Wall St.

The Australian stock market surged more than 1% at the open, after Wall Street soared its biggest one-day gain since January as lawmakers moved closer to a deal to break up the political impasse in Washington. 

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index spiked 1.33% to 5,215.6, while the broader All Ordinaries index lifted 1.31% to 5,213.7 points.

No major economic news is expected on Friday.

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