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ASX hits record high as economy completes rebound

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The Australian sharemarket rose to a new record on Wednesday, supported by advances from mining and energy stocks, as the economy marked its complete recovery from its COVID-19 induced slump.

The S&P/ASX 200 Index rose 75.2 points, or 1.1 per cent, to 7217.8, beating its previous record close of 7179.5. During the session, it hit an intraday record of 7218.9.

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William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/asx-hits-record-high-as-economy-completes-rebound-20210602-p57xfs