Fresh record as Aussie shares rally again

News.com.au - 17/09
The sharemarket’s rate cut rally extended for a fourth session on Tuesday, with the local bourse notching another record closing high as investors firm on a “jumbo” 50 basis point cut from the US Federal Reserve.

The sharemarket’s rate cut rally extended for a fourth session on Tuesday, with the local bourse notching another record closing high as investors firm on a “jumbo” 50 basis point cut from the US Federal Reserve.

The benchmark ASX200 climbed another 19.3 points, or 0.24 per cent, to close at 8140.9 points, while the broader All Ordinaries index lifted 20.1 points, or 0.24 per cent, to settle at 8361.2.

Tech stocks jumped 0.78 per cent to 3385.9.

The benchmark briefly broke through the 8150 barrier in intraday trading to supersede its previous high of 8148.7.

The rally was broadbased, with all 11 industry sectors ending in the green.

The rate-sensitive information technology...
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