The Australian share market has pushed higher into uncharted territory, following a jump on Wall Street in the US overnight that was fuelled by hopes of a positive outcome from US-China trade talks aimed at defusing a tariff dispute that has whip-lashed global markets.
The S&P-ASX200 surged to a fresh record closing high on Tuesday of 8587.20 — surpassing its previous record close of 8555.8 set back on February 14 — just seven weeks before US President Donald Trump’s so-called Liberation Day tariffs crashed markets around the globe.
The leading index rose again in early trade on Wednesday, climbing to 8638.2 in the opening minutes before retreating slightly to 8617.9 — up 30.7 points, or 0.4 per cent — by 9am.
All sectors bar health care were in the green, led by strong gains among energy, mining, telco and real estate stocks.
More to come
