Australian Stocks Rally to Highest in Decade Fueled by Banks

The video discusses the strong performance of Essex and the market trends influenced by banks and miners. It highlights the banks' low prices and high dividend yields, despite issues. Australia's economy is exposed to China, but only two major stocks are directly affected. Commodity prices remain high, supporting stocks like BHP and Rio Tinto.

Discuss the impact of China's economic slowdown on Australia's economy as mentioned in the text.

What role do BHP and Rio Tinto play in the context of Australia's top stocks?