Australian stocks have opened firmer, with a recovery among the big miners leading the broader market higher.
At 10.49am AEDT, the benchmark S&P/ASX200 index was up 11.7 points, or 0.24 per cent, at 4961.6 points.
The broader All Ordinaries index was up 19.3 points, or 0.39 per cent, at 4984 points.
Local investors took their cues from a positive night on Wall Street, where the Dow climbed 0.77 per cent.
Among the major miners, BHP was up 29c to $33.21, Rio rose 82c to $57.75 and Fortescue was up 16.5c, or 4.33 per cent, to $3.975.
All three bounced back after suffering significant falls during yesterday's local session.
CommSec market analyst Steven Daghlian said today's rally came after some investors thought the declines yesterday might have been a bit overdone.