At closing bell, the benchmark S&P/ASX200 advanced 69.26 points, or 0.98%, to 7,115.19. The broader All Ordinaries added 73.05 points, or 1%, to 7,349.06.
Total 9 of 11 S&P/ASX200 sectors ended higher, with top performing sector were realty (1.46%), telecommunication services (up 1.35%), consumer discretionary (up 1.27%), and financial (up 1.11%), while worst performing sectors was utilities (down 0.44%).
The top performing stocks in the S&P/ASX200 were S&P/ASX200 HUB24 (up 8.89%), Kogan.com (up 6.61%), Pilbara Minerals (up (5.12%), Carsales.com (up 5.11%), and Seek (up 4.68%), while worst performing stocks were Resolute Mining (down 6.3%), Nuix (down 5.49%), Fisher & Paykel Healthcare Co (down 3.75%), Regis Resources (down 2.67%), and Westgold Resources (down 2.2%).
The Australian market got off to a strong start after all three key U.S. market gauges closed higher on Monday following a slide of U.S. long-term interest rates.
Financials were higher. Westpac rose 0.9%, ANZ was up 1%, and NAB gained 0.9%. Macquarie Group surged 2.5%.
Shares of miners were higher. BHP rose 1.3%, Rio Tinto added 1.6%, and Fortescue Metals was 1.6%.
Travel stocks were mixed, with Qantas (QAN) down 0.2%, Flight Centre (FLT) 0.3% lower, while Webjet (WEB) and Sydney Airport (SYD) bounced back from Monday's declines
CURRENCY NEWS: The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.582 lower than levels above 90 seen recently. The Australian dollar changed hands at $0.7764, following a bounce yesterday from around $0.772.
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