Australian Stock Markets open positive as US Stocks ended with huge gains

Sydney - Supported by Wall Street, the Australian stocks continued their climb in early trading session on Tuesday.

Dow Jones Industrial Average closed 4.67% higher at 9265. US Fed Chief said in a statement that the US Economy will need stimulus and we may see recession for coming quarters. However, for first time in five month, US Financial Indicators were positive.

Nasdaq Composite Index closed 3.43 per cent higher at 1770. European Markets closed positive as well.

The ASX 200 added 58 points, or 1.3 per cent, to 4,213. The positive sentiment came after Monday's 4.3-per-cent increase on the bellwether index. (With Inputs from Agencies)

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