The Australian sharemarket surged to a record high at the opening on Tuesday, driven by optimistic sentiment from Wall Street.
At 11:40am, the S&P/ASX 200 is 0.82 per cent higher at 8,320.40.
The SPI futures are pointing to a rise of 63 points.
Best and worst performers
The best-performing sector is Financials, up 1.19 per cent. The worst-performing sector is Energy, down 1.12 per cent.
The best-performing large cap is James Hardie Industries plc (ASX:JHX), trading 2.54 per cent higher at $54.96. It is followed by shares in HUB24 (ASX:HUB) and BlueScope Steel (ASX:BSL).
The worst-performing large cap is Treasury Wine Estates (ASX:TWE), trading 2.77 per cent lower at $11.95. It is followed by shares in Meridian Energy (ASX:MEZ) and Pilbara Minerals (ASX:PLS).
Commodities and the dollar
Gold is trading at US$2666.20 an ounce.
Iron ore is 1.3 per cent higher at US$107.50 a tonne.
Iron ore futures are pointing to a 0.37 per cent rise.
One Australian dollar is buying 67.26 US cents.