Australia's All Ords has broken through 6000 points

Photo: Daniel Maurer/AFP/Getty Images

The ASX All Ordinaries broke through the 600 point mark for the first time in ten years.

A short time ago, the index was at 6,007.20, up 30.80 points or 0.52%.

The rally was being led by the big miners.

BHP was 1.6% higher at $26.97 and Rio Tinto 1.1% to $70.22.

The major banks also gained ground, with Westpac up almost 1% to $33.31.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at