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ASX200: ‘Irrational optimism’ pushes Australian share market higher – NEWS.com.au
Upbeat investors pushed ASX higher, with analysts saying there’s ‘irrational optimism’
The Australian share market closed almost 2 per cent higher after rallies in the US and Europe overnight, and as commodity prices remain strong.The S&P/ASX200 finished 1.88 per cent higher at 6037.6 on Tuesday while the All Ordinaries Index gained 1.86 per cent to 6166.5.
CommSec chief economist Craig James told NCA NewsWire it was encouraging after seeing the local market tread water for the past fortnight.
“We’re holding onto the gains — the fact that investors remain so upbeat is quite …
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