SYDNEY, Sept. 13 (Xinhua) -- The Australian share market has opened higher on Tuesday, one day after losing nearly 26 billion U.S. dollars in share value from its board.
At the open on Tuesday, the benchmark S&P/ASX200 index was up 48 points, or 0.92 per cent, at 5,267.6, while the broader All Ordinaries index was up 48.3 points, or 0.91 per cent, at 5,367.4.
CMC Markets chief currency strategist Michael McCarthy said the release of retail sales and industrial production data in China was a potential market mover on Tuesday, especially as many regional markets were on holiday on Monday (due to the Muslim celebration Eid al-Adha).
"Both (Chinese and regional markets) are expected to come in flat or show modest improvement on the previous month," McCarthy said.
"Any weakness in these numbers could hit commodities in particular, while strength would see hard-landing bears remain in their dens," he said in a note.
In the early trade, ANZ was down up 0.95 percent, the Commonwealth Bank of Australia rose 1.00 percent, the National Australia Bank jumped 0.53 percent and Westpac surged 0.73 percent.
