The Australian sharemarket opened almost half a per cent higher following the lead of global bourses which shrugged off a slew of disappointing economic reports. At the 10. 15am (AEST) official market open, the benchmark S&P/ASX200 index gained 24. 5 points, or 0. 44 per cent, to 5,5573, while the broader All Ordinaries index added 24. 4 points, or 0. 44 per cent, at 5,567. 3.
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