Closer to home Chinese gross domestic production numbers were released for the September quarter, showing the economy grew by 7.4% on year, in line with analyst expectations. The result was lower than the previous quarter however it was the slowest rate since 2009.
The sectors closed mostly stronger with materials the clear standout performer. Healthcare care, utilities and telcos were the weakest links. The big four banks finished mostly in positive territory with NAB the best of group, advancing 0.6%.
The mining majors all stormed higher on the back of stronger commodity prices. BHP, Rio Tinto and Fortescue rocketed 3.3%, 4.8% and 2.7% in that order.
The ASX 200 put on 31 points (+0.7%) to settle at 4559.