Aust shares rebound, on pace for best day in 3 weeks

The local share market has rallied in morning trade, on track to snap its four-day losing streak with its best gains in over three weeks. At noon AEDT on Tuesday, the benchmark S&P/ASX200 index was up 78.6 points, or 1.05 per cent, to 7,530.1, while the broader All Ordinaries had gained 82.1 points, or 1.07 per cent, to 7,758.9. The day was on track to be the ASX200's best performance since a 1.65 per cent gain on December 14. At midday the market had clawed back nearly half of its 176 points of losses during a four-day losing streak. The gains came after a similar rally on Wall Street, where the S&P500 rose 1.4 per cent after the…