Summary

• The benchmark ASX 200 has risen by 197 points, or 3.3 per cent, to 6195.6 in early trade
• Wall Street's recovery accelerated overnight, with the S&P500 extending gains by 1.2 per cent, bringing it into positive territory on a year-to-date basis
• The NASDAQ also lifted, closing the US session at a fresh all-time high
• The Aussie dollar was buying US70.29 cents at 10am, the highest since July 2019