Upbeat earnings reports, a rise in business conditions and easing global geopolitical tensions have encouraged local investors today, sending the Australian sharemarket more than 1. 3 per cent higher. At the 4. 15pm (AEST) official market close, the benchmark S&P/ASX200 index gained 73. 3 points, or 1. 34 per cent, to 5,530. 3, while the broader All Ordinaries index increased 73. 7 points, or 1. 35 per cent, to 5,523. 1.
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