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SYDNEY, AUSTRALIA - NewsWire Photos June 3, 2021: The opening of the ASX this morning with a mix of red and green on the board. Picture: NCA NewsWire / David Swift

Fed ends ASX winning streak

Australia’s sharemarket broke a four-day winning streak, turning down from a record high, after a hawkish surprise from the Fed and consequent rise in bond yields. APRA warned on home loans.

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A truck is seen reflected on the Australian Stock Exchange (ASX) trading board in Sydney, Friday, January 3, 2020. (AAP Image/Mick Tsikas) NO ARCHIVING

ASX hits records before Fed meet

Australia’s share market hit record highs and finished slightly higher before the highly anticipated outcome of the Federal Reserve meeting due early Thursday Australian time

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SYDNEY, AUSTRALIA - NewsWire Photos NOVEMBER 10, 2020. Stocks rally at the announcement of German Pharma giant Pfizer announcement of a successful vaccine trial.Picture: NCA NewsWire / Jeremy Piper

ASX surges 0.9% to record high

Australia’s share market surged to record highs after the US market also hit records while the local bourse was closed over the Queen’s Birthday long weekend.

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The indicator board at the Australian Securities Exchange (ASX) is seen in Sydney, Tuesday, February 5, 2019. Australia's big four banks have gained more than $20 billion in value after relieved investors welcomed the Kenneth Hayne's royal commission's recommendations by driving the financial sector to what looks like its best day in a decade. (AAP Image/Dan Himbrechts) NO ARCHIVING

Materials sector leads ASX to record close

The S&P/ASX 200 share index rose 0.1 per cent to a record-high daily close of 7312.3 points as bond yields dipped, Macquarie upgraded its forecasts for iron ore and coal and investors remained alert for takeovers. 

Original URL: https://www.heraldsun.com.au/business/markets/page/198