Business
What would it take for the ASX 200 to hit 7,000 again?
Today, the S&P/ASX 200 Index (ASX: XJO) has reached a new post-March high of 6,562 points. That’s 6% higher than where the index was a month ago, 17.6% higher than where it was 6 months ago and 44% higher than the low point we saw on 23 March during the coronavirus-induced market crash. However, it’s also 2% below the level the ASX 200 started 2020 at, and 8.5% below the all-time high of 7,162 points it reached in February.
Yes, the ASX 200 has only crossed 7,000 points at one period in its entire history, and that was for a period of fewer than 2 months at the start of this year.
So what would it take for the ASX 200 to go back over 7,000 points? One might think, due to the effects and maladies from the coronavirus pandemic,…
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