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The Australian stock market has reached a record high and catches a record before the global financial crisis nearly 12 years ago

The Australian stock market has reached a record high, overshadowing a benchmark that was last reached before the GFC

  • The Australian stock market has reached a record high and surpasses a milestone in 2007
  • ASX200 benchmark gained 6,874 points in early trading and overtook the pre-GFC level
  • Australian Securities Exchange had not set a record since John Howard was PM
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The Australian stock market has reached a record high and catches a record before the global financial crisis nearly 12 years ago.

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The ASX200 benchmark reached 6,874 points in early trading on Tuesday morning, surpassing an intraday high on November 1, 2007, according to Iress data.

The Australian Securities Exchange measure of the 200 best companies had not set a new record since the last weeks of John Howard & # 39; s long term as a liberal prime minister.

The local stock market last peaked before the start of the GFC, fueled by the US sub-prime mortgage crisis that threatened to bring the global economy into the worst financial crisis since the Great Depression of the 1930s.

The ASX200 reached the milestone, days after the broader All Ordinaries index set a record.

The Australian stock market has reached a record high and catches a record before the global financial crisis nearly 12 years ago

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The Australian stock market has reached a record high and catches a record before the global financial crisis nearly 12 years ago

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