SYDNEY: The Australian sharemarket has jumped 1.5 per cent at noon, regaining all its losses after Monday’s horror 4 per cent slide.
The move on the local bourse today followed a 4 per cent surge on Wall Street overnight on better-than-expected economic data and hopes global markets were beginning to stabilise after several sessions of extreme volatility.
At 12.05pm (AEST), the benchmark S&P/ASX200 index lifted 75.6 points, or 1.46 per cent, to 5248.4 points, while the broader All Ordinaries added 76.6 points, or 1.48 per cent, to 2555.5 points.
Sharemarkets across Asia were also buoyed by the upbeat sentiment.
