Australian investors appear to be betting that the nation's central bank will start easing off on aggressive interest rate hikes.
The ASX 200 was following Wall Street into positive territory on Thursday but it started to soar after the Reserve Bank's governor made a speech in Sydney.
After Philip Lowe's comments, it peaked and ended the day 1.8 per cent higher at 6,849 points. The All Ords gained 1.8 per cent.
