Nearly all sectors are in positive territory, with IT, consumer discretionary and materials plays in favour.
In company news, Sundance (SDL) has gone into trading halt with the company planning to respond to media speculation that the proposed takeover by Hanlong has stalled due to the insider trading allegations levelled against senior Hanlong executives.
In economic news, business confidence strengthened in September according to the latest NAB business confidence survey.
The index rose to -2 in September, up from a revised two-year low of -9 in August.
Around the region, Asian markets are all trading higher; the Hang Seng is 3.7% stronger whilst the Nikkei is up 2%.