The ASX 200 closes in on its pre pandemic document excessive after a surge in expertise shares, miners and healthcare corporations amid another record session for the S&P 500 index on Wall Street with investors shrugging off stronger inflation. A Russian-born businessman and his wife primarily based on Queensland’s Gold Coast are told they face jail until they repay tourists they “ripped off” via their outback car rental company, Australian 4WD Hire. The Australian share market catches a breath and the All Ordinaries index pulls again from its record high as Wall Street hit new record highs overnight. Australian shares end the day greater after Wall Street snaps again from a two-day decline. The iron ore price eases from report levels, whereas AGL and AMP shares fall on company announcements. The Australian share market ends within the pink, as a strong session from the most important miners failed to offset falls across most sectors.
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