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ASX opens higher despite commodity woes

Financials were in the ascendancy as the ASX closed higher despite trade war worries

Australian shares have opened higher as strong gains from financial and consumer staple stocks more than offset materials and energy weakness from falling commodity prices.

The benchmark S&P/ASX200 was 23 points, or 0.37 per cent, higher at 6,238.6 points at 1015 AEST on Thursday, while the broader All Ordinaries index was 20.8 points, or 0.33 points, higher at 6,321.0.

In futures trading, the SPI200 futures contract was up 18 points, or 0.29 per cent, at 6,192 points.