News from AAP

Aust shares higher at noon as fears fade

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The Australian share market is higher at noon as bargain hunters move in following Monday’s falls in the wake of the Paris terror attacks.

The benchmark S&P/ASX200 is more than one per cent higher at 1200 AEDT on Tuesday, led by the banks and the big miners.

In equities news, Commonwealth Bank chairman David Turner told that bank’s annual general meeting that low interest rates were helping the economy.

And the Reserve Bank said in the minutes of its November board meeting that a lower dollar was doing its bit to boost the economy.

KEY FACTS

* At 1200 AEDT, the benchmark S&P/ASX200 index was up 54 points, or 1.08 per cent, at 5,057.8 points.

* The broader All Ordinaries index was up 51.8 points, or 1.02 per cent, at 5,116.1 points.

* The December share price index futures contract was up 71 points at 5066 points, with 19.003 contracts traded.

*At 1215 AEDT, national turnover was one billion securities worth $1.9 billion.