At 10:30 (AEST), the benchmark S&P/ASX 200 index was up 111.00 points or 2.17 percent at 5,224.30, while the broader All Ordinaries index was up 113.90 points or 2.22 percent at 5249.10.
"Global share markets rallied for the third day in a row as the US Senate passed a $2.2 trillion economic support bill," CMC Markets chief market strategist Michael McCarthy said.
"A 3.3 million surge in US jobless claims from last week’s 281 thousand provided evidence of how badly the assistance is needed."
Despite the Australian local governments were considering even tougher constrictions to contain the COVID-19 virus, McCarthy said the global impulse could overwhelm local factors in trading today.
Most sectors were trending higher, with information continued to lead the rise at 3.49 percent, followed by utilities which were lifted at 2.08 percent.
Consumer staples and materials were slumping most ,both recording over 1 percent drop.
In the financial space, Australia’s big banks were higher with the Commonwealth Bank up (1.39 percent), ANZ up (2.52 percent), National Australia Bank up (2.29 percent) and Westpac Bank up (1.31 percent).
Mining stocks varied with Rio Tinto up (1.16 percent), BHP down (0.59 percent), Fortescue Metals unchanged (0 percent), goldminer Newcrest down (0.85 percent)
The country’s oil and gas producers lifted with Oil Search up (9.05 percent) and Santos up (0.26 percent), Woodside Petroleum up (1.22 percent).
Australia’s largest supermarkets slumped with Coles down (1.21 percent), and Woolworths down (0.52 percent).
Meanwhile telecommunications giant Telstra was up (1.42 percent), the national carrier Qantas rallied (4.00 percent) and biomedical firm CSL lifted (0.82 percent).
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