Australian stock market hits record high, beating level set before GFC

ASX200 share index back to pre-global financial crisis but concerns grow about the strength of the Australian economy

It has taken more than 11 years, but the benchmark ASX200 index has finally returned to the levels it set before the global financial crisis devastated the world economy.

The ASX200 rose 44.3 points, or 0.65%, at the opening bell on Tuesday, to hit 6,870.1 – almost 20 points more than its previous high point of 6,852, set on 1 November 2007.

Continue reading...

from The Guardian https://ift.tt/2yoxlMQ
via
0 Comments