Market Mayhem: ASX Hits Record High Amid Global Turmoil The Australian sharemarket's latest record high is a stark reminder that profit remains an all consuming force even in times of global uncertainty.
The S&P/ASX 200 rose 0. 9% to a new record of 9227. 80, fueled by a rally on Wall Street. Miners and tech stocks are driving the charge upwards, with BHP and Rio Tinto leading the pack due to rising copper prices.
Copper prices have surged above $US14,000 per tonne for the first time since May, driven by a strengthening global economy and a potential end to the US China trade war.