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ASX reaches record closing high … but can it stay there? – ABC News
The Australian share market is fully recovered from COVID-19, reaching a record closing high. But can it keep grinding upwards from here or is there a risk it could…
On February 20 last year, the benchmark S&P/ASX 200 index closed at a record high of 7,162 points.
Within about a month it had, of course, lost 2,616 points, or more than a third of its peak value as the COVID-19 pandemic gripped the world.
Yesterday, it created a fresh record closing high, recouping all the losses from that almighty crash, and a tiny bit more.
Professional investor Danielle Ecuyer describes it as “an incredible recovery”.
So how did we get here, and what’s likely to happen next?
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