The ASX has rallied in early trade with the All Ordinaries Index (tracking the 500 biggest companies) rising 1.2%:
The ASX 200 is up 1.4%:
With the gains driven by a 2.4% rebound in financials:
However, the consumer discretionary sector remains in the toilet, down 0.2%:
Based on current levels, the All Ordinaries Index is now trading around 30% below its 20 February peak.