A post by @FirstSquawk on X.

Australia’s S&P/ASX 200 jumped 1.6% in early trade to 8,973.60, a sharp single-session gain for the benchmark index. The move signals a strong risk-on open for Australian equities and puts the index within striking distance of the 9,000 level. With no company-specific detail in the headline, the advance appears broad-based rather than driven by a single sector. Traders will watch whether the index holds above 8,900 through the session and whether the rally extends into the close.