Australian Market Extends Early Sharp Gains In Mid-market

The Australian market is extending sharp early gains in mid-session trade, with the S&P/ASX 200 moving well above 8,600 after reversing the prior session's losses. The move appears driven by broadly positive cues from Wall Street overnight, pointing to improved risk appetite rather than any domestic fundamental catalyst.

Analysis

The Australian market is extending sharp early gains in mid-session trade, with the S&P/ASX 200 moving well above 8,600 after reversing the prior session's losses. The move appears driven by broadly positive cues from Wall Street overnight, pointing to improved risk appetite rather than any domestic fundamental catalyst.