Sydney - Australian stocks rocketed at the bell Tuesday in response to Wall Street registering its biggest one-day point gain on record.
In early trading, the ASX 200 gained 243 points, or 5.8 per cent, to 4,423.
The lift came ahead of an economic stimulus package expected to be worth 5 billion Australian dollars (3.5 billion US dollars).
The government is to draw down its 21-billion-Australian-dollar surplus to try to stave off a sharp slowdown in the domestic economy.