Australian stocks buck overseas trends: Afternoon market insights

The Australian sharemarket rose higher today despite overnight falls on Wall Street.

At 2.30pm, the ASX200 was up 0.78% to 4239.0, while the broader All Ordinaries index gained 0.71% to 4297.1.

The Australian dollar climbed even higher today, hitting a fresh four-month high at noon. It’s currently buying $US1.05255.

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