Australia's sharemarket jumped at the open in a broad rally after a strong lead from Wall Street.
The S&P/ASX 200 climbed 56.10 points, or 0.7 per cent, to 7632 in the first 10 mins of trade, recouping some of Friday's 1.4 per cent loss. All 11 industry groups were trading in the green. The All Ordinaries rose 0.8 per cent.
Wall Street rallied on Friday after strong earnings from Microsoft and Google's parent, Alphabet pushed the Nasdaq up more than 2 per cent. Amazon, AMD and Apple are all set to report earnings this week. On the local bourse, the tech sector gained 0.9 per cent.
Meanwhile, wealth giant Perpetual has put its shares in a trading halt ahead of an announcement.
The halt comes after The Australian Financial Review's Street Talk column reported that global private equity giant KKR was prepping a deal to buy out Perpetual's Wealth and Corporate Trust.
Stocks on the move
Boss Energy is the best performing on the benchmark, up 5 per cent after unveiling its first quarterly report since commencing uranium production at its Honeymoon project in South Australia.
Healthtech ResMed is 4.5 per cent higher after reporting growing revenue and profits in its latest quarterly report.
Shares in Graincorp climbed 1.7 per cent after ASX activist fund HMC Capital revealed a 5 per cent stake in the east coast grain handler after trading ceased on Friday.
IT company Megaport dropped 6.3 per cent despite upgrading its FY24 EBITDA guidance to between $56 million and $58 million, from $51 million to $57 million previously. However, analysts said weak recurring revenue and KPIs during the quarter were below expectations.
TPG rallied 2.9 per cent after signing a network deal with rival telecommunications company Optus. The agreement will extend TPG Telecom's 4G and 5G mobile network to reach 98.4 per cent of the Australian population by more than tripling its regional mobile sites. TPG is expected to pay Optus $1.17 billion over the deal's 11-year term.
The Star Entertainment Group rallied 2.6 per cent after chairman David Foster stepped down from the embattled casino operator. The board has appointed board member Anne Ward as interim chairman.

Sumber : afr.com